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Japan's JR West to switch all diesel trains to biofuel around 2030

Jan 13, 2023 (Nikkei) - West Japan Railway, known as JR West, plans to introduce biofuel in all its diesel trains, which operate mainly on local lines, by around 2030, a move that will reduce carbon dioxide emissions on nonelectrified sections, which account for nearly 40% of the company's lines excluding bullet train lines.

The move comes as Japan's railway companies, including East Japan Railway (JR East), accelerate the decarbonization of their operations. However, the cost of the new fuel, which is higher than that of diesel made from petroleum, will be a challenge for the company as the profitability of local lines deteriorates.

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Transport disruption from Typhoon No. 7 widened late on June 25, with airlines preparing to cancel nearly 180 flights on June 26 and rail and expressway operators warning that services from Okinawa to the Tokyo region could be affected as the storm and a rainy-season front bring heavy rain and strong winds across Japan.

As of 10 p.m. on June 25, Typhoon No. 7 (Mekkhala) was moving between Okinawa’s main island and Miyako Island. The storm is forecast to make its closest approach to Okinawa’s main island from before dawn through the morning of June 26 while carrying a storm zone. Residents are urged to remain on alert for dangerous storm conditions.

A powerful earthquake with a maximum seismic intensity of upper 6 struck off Iwate Prefecture at around 7:30 a.m. on June 25, shaking parts of Aomori Prefecture and leaving Hachinohe, which was hit by a similarly strong quake last December, facing fresh damage.

A powerful earthquake registering a maximum intensity of 6 upper on Japan’s seismic scale struck Aomori Prefecture at around 7:30 a.m. today. According to the Japan Meteorological Agency, the epicenter was off the coast of Iwate Prefecture, with a depth of about 50 kilometers. The earthquake’s magnitude was estimated at 6.9.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

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Japanese households held 2,386 trillion yen in financial assets at the end of March, up 7.1% from a year earlier, as rising share prices, wider use of the new NISA investment program and the weaker yen lifted the value of assets held by individuals.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

The Nikkei Stock Average fell for a second straight session in Tokyo as investors locked in profits from a rapid rally in artificial intelligence and semiconductor-related shares, briefly sending the benchmark down more than 1,300 yen before bargain hunting helped it recover part of the loss.

Imabari Shipbuilding, Kawasaki Heavy Industries, and Namura Shipbuilding are aiming to resume construction of liquefied natural gas carriers around 2035, as Japan’s shipbuilding industry looks for a path to recovery after losing much of the global market to lower-cost rivals in South Korea and China.

Finance Minister Katayama held online talks with U.S. Treasury Secretary Scott Bessent as the yen approached its weakest level in about 39 years, with the two sides believed to have discussed possible responses, including foreign exchange intervention.

Every year, thousands of people save money by buying through the Japanese auction process. But many do not realize they've paid too much until the vehicle arrives.

Tokyo stocks surged at the start of the week, with the Nikkei Stock Average closing above 72,000 for the first time and extending its record-setting streak to a sixth consecutive trading day.

Sugar prices are on a firmer upward trend as concerns grow over the impact of Middle East tensions and the weaker yen, raising the prospect of further cost pressure on confectionery and other food products.