Japan – The News Desk

Japanese consortium to invest $370 mn in Natural Gas Transition Platform | Company News

15Apr

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Business

Japanese consortium to invest $370 mn in Natural Gas Transition Platform | Company News

Arrow are marked on pipes at a shale gas collection and transfer facility at the Fuling shale gas project site. Photographer: Qilai Shen/Bloomberg2 min read Last Updated : Apr 16 2024 | 12:10 AM IST A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday. The consortium of Osaka Gas, Sumitomo Corp and a Japanese government-private sponsored investment fund, will invest in Indian companies that develop and operate natural gas infrastructure, I Squared Capital said in a statement. The platform, called the Natural Gas Transition Platform, has investments in last-mile city gas distribution bu...

5Apr

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Travel

Japan Offers Luxury Train Travel

Japan’s public transportation is known for its punctuality, efficiency and high-quality service, which means train travel is a great way to see the countryside and to experience Japanese culture — even if you’re squeezed into Tokyo’s crowded Yamanote line at rush hour or experiencing the popular high-speed Shinkansen bullet train.But many savvy visitors crisscross the country in another way, using luxury trains that resemble five-star hotels on rails.Luxury rail travel appeals to “someone who wants slow travel, the experience of excellent service in a contained environment, the finest dining, the most exquisite accommodation with private bathrooms,” Simon Pielow, co-founder of the Luxury Train Club, said by phone from Wiltshire County, England. “Things that many people have no idea is pos...

Japan Airlines Downgraded Our First Class Seats and Skimped on the Refund

4Apr

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Travel

Japan Airlines Downgraded Our First Class Seats and Skimped on the Refund

In late 2021, Mark from San Diego and his wife were flying home on British Airways premium economy from Split, Croatia, via London and Dallas, but missed a connection. They were rebooked in economy on Virgin Atlantic and tried for two years to get reimbursed when finally, in December 2023, they were told they had agreed to the downgrade, which he denies. (It shouldn’t matter anyway, both Mr. Leff and Mr. Radchenko said.)They finally received $746 from British Airways earlier this week. But the full cost of their original round-trip itinerary (two tickets from San Diego to Ljubljana, Slovenia, and back from Croatia) was $5,821, and it is unlikely that their refund could account for 75 percent of a premium economy trans-Atlantic flight. British Airways confirmed they calculated the differen...

Japan Earthquake Death Toll Rises to 55 With Search On for Those Still Trapped

2Jan

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World

Japan Earthquake Death Toll Rises to 55 With Search On for Those Still Trapped

Updated Jan. 2, 2024 11:42 am ETThe smoking ruins of what was a popular market for tourists and a seven-story building lying on its side testified to the destruction left by a New Year’s Day earthquake in Japan that killed at least 55 people.The city of Wajima in Ishikawa prefecture on the Japan Sea coast suffered some of the worst damage from the magnitude 7.6 quake. Japan’s military was mobilized along with police and fire units to deliver relief supplies and try to rescue those buried under homes and buildings.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

All Passengers on Japan Airlines Jet Evacuated After Plane Collision

2Jan

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World

All Passengers on Japan Airlines Jet Evacuated After Plane Collision

Updated Jan. 2, 2024 7:04 am ETTOKYO—A Japan Coast Guard plane and a Japan Airlines passenger jet collided at Tokyo’s Haneda Airport but all 379 people on board the passenger jet were able to escape, Japan Airlines said.Five of the six people aboard the Coast Guard plane died in the crash, Japanese Prime Minister Fumio Kishida said. He said they were planning to deliver relief supplies to people affected by an earthquake on the Japan Sea coast on New Year’s Day.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Xenophobia Drives Foes of Nippon Steel’s Deal

1Jan

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Health

Xenophobia Drives Foes of Nippon Steel’s Deal

Election-year jitters have the Biden administration and a few swing-state members of Congress from both parties parroting union concerns about Nippon Steel’s takeover of U.S. Steel. The United Steelworkers union favored Cleveland-Cliffs’s offer, which was almost 50% lower than Nippon’s $14.1 billion bid. There is no real cause for concern other than xenophobia and the damage it could do to Cleveland-Cliffs’s position as the sole U.S. producer of electrical steel for transformers and electric vehicles. The rest is imported.Nippon’s steelmaking is at least as advanced as U.S. Steel’s, so technology export control isn’t an issue. National security could be a concern if American mills were shutting down due to unfairly subsidized Japanese exports to the U.S. But Nippon never used gimmicks to ...

Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s

1Jan

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World

Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s

TOKYO—Big Japanese investors stumbled disastrously into the U.S. commercial real-estate market in the late 1980s, when they bought high-profile properties like New York’s Rockefeller Center not long before the market fell hard.Now some Japanese institutional investors and real-estate companies are back—but this time it isn’t about flaunting trophy purchases. It is about diversifying portfolios for the long term and getting good bargains while the market is slumping.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tsunami Warning Issued in Japan After Powerful Earthquake

1Jan

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World

Tsunami Warning Issued in Japan After Powerful Earthquake

TOKYO—A tsunami warning was in effect on the west coast of Japan after a powerful earthquake. Public broadcaster NHK said a tsunami slightly higher than one meter struck the Noto Peninsula on the Japan Sea coast of Japan and tsunamis of up to five meters were possible. NHK said the earthquake struck at around 4:10 p.m. Monday at the tip of the peninsula. The U.S. Geological Survey, in a preliminary estimate, said the earthquake had a magnitude of 7.5.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

30Dec

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Business

Pardon Lt. Ridge Alkonis – WSJ

Japan helped mend a diplomatic sore before Christmas when Tokyo transferred an imprisoned U.S. Navy lieutenant back into American hands. But this international incident isn’t over, and the outcome matters to U.S. troops wondering if they’re vulnerable to rough justice while stationed abroad.Lt. Ridge Alkonis was assigned to a Navy destroyer in Japan in 2021 when he fell unconscious while driving, and two Japanese nationals died after the attendant crash outside a restaurant. Lt. Alkonis maintains he experienced a medical emergency—acute mountain sickness—while driving his wife and children back from a daytime hike. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

29Dec

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Money

2024 Could Be the Year of the Yen

The Japanese yen has been one of the worst performing currencies of the past couple of years. It could do better in 2024.The yen has lost around 20% against the dollar since the end of 2021, underperforming other major currencies. Japan’s central bank kept its ultralow interest rates while most of its peers have been raising rates aggressively. Higher yields outside of Japan have driven the currency lower and lower.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8