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July 04, 2024
 

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Katya Golubkova
Energy companies are increasingly calling for greater use of nuclear power as geopolitical tensions raise the risk of energy supply disruptions and power price hikes.
JAPAN
Jun 5, 2024
In Japan, energy security fears put nuclear back in favor for 2040 plan
The Japanese government wants to lock in greater use of nuclear energy, along with wind and solar power, to secure stable energy supply.
A hydrogen storage tank and loading system at a liquefied hydrogen receiving terminal in Kobe. Japan and the European Union have agreed to work together on policies related to clean hydrogen.
ENVIRONMENT / Energy
Jun 4, 2024
Japan and EU agree to work on creating hydrogen demand and supply
Tokyo sees hydrogen as a new and cleaner source to gradually substitute liquefied natural gas, part of Japan's path to carbon neutrality by 2050.
Nippon Steel's proposed acquisition of U.S. Steel would give it greater access to the profitable U.S. market and further its long-term financial goals.
BUSINESS / Companies
Jun 3, 2024
Nippon Steel's Mori hints at selling some assets to aid U.S. Steel deal
The firm's vice chairman plans to return to the United States this week for more talks over the proposed acquisition.
The United States Steel's plant in Braddock, Pennsylvania. Nippon Steel is sticking to its plan to close a deal by year-end to buy U.S. Steel.
BUSINESS / Companies
May 9, 2024
Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end
The takeover should bring Nippon Steel's global crude steel capacity to 86 million tons per year, close to its goal of 100 million.
JFE's net profit for the year ended March 31 came to ¥197.4 billion ($1.28 billion), just ahead of analysts' average forecast of ¥194.90 billion in an LSEG poll, thanks to higher steel margins.
BUSINESS / Companies
May 7, 2024
Japanese steelmaker JFE eyes overseas investments amid slower profit growth
The country's No. 2 steelmaker plans to ramp up overseas investments as part of a long-term drive to double profits.
A Wheeling-Nippon Steel facility in in Follansbee, West Virginia. Four senior Japanese officials speaking on condition of anonymity said it is still premature to declare the deal dead.
BUSINESS / Companies / ANALYSIS
Apr 5, 2024
Why Japan is not giving up on fraught U.S. Steel deal
Four senior Japanese officials speaking on condition of anonymity said it is still premature to declare the deal dead.
Japan aims to have 10 gigawatts (GW) of offshore wind power projects by 2030 and up to 45 GW by 2040, to replace fossil fuels including coal and liquefied natural gas in its energy mix — for which floating offshore wind is essential.
BUSINESS / Markets
Mar 13, 2024
Japan to expand offshore wind development to exclusive economic zones
Global energy companies have been urging Japan to make investments more attractive, amid soaring costs and growing competition between suppliers.
Dai Karasawa, president of SSE Pacifico K.K., a joint venture of U.K. energy group SSE and Japan's Pacifico Energy, speaks about their plan to develop offshore wind farms in Japan during an interview in Tokyo, last week.
BUSINESS / Companies
Mar 11, 2024
SSE's Japan unit aims to develop 6GW offshore wind farms
Japan is aiming to become a major offshore wind power producer, with the government targeting 10 GW by 2030 and up to 45 GW by 2040.
A LNG tanker at the Negishi LNG Terminal, which is jointly operated by Tokyo Gas and JERA, in Yokohama
BUSINESS
Mar 11, 2024
Japan boosts reliance on allies for long-term LNG supplies
LNG accounts for about a third of Japan's power generation and it is the world's second-largest importer behind China.
A liquefied natural gas processing facility at the Sakhalin 2 project in Sakhalin, Russia. Japan has kept stakes in some energy projects in Russia as a matter of energy security.
BUSINESS
Feb 21, 2024
Japanese companies maintain suspended operations in Russia: survey
Japan has kept stakes in some energy projects as a matter of energy security.
Nippon Steel is on track to finalize its planned $15 billion acquisition of U.S. Steel by the end of September, an executive has said.
BUSINESS / Companies
Feb 7, 2024
Nippon Steel says on track to close U.S. Steel deal by September
The deal by the world's No.4 steelmaker to buy U.S. Steel has drawn criticism from some in the United States.
Wind turbines at an RWE wind farm off the coast of Great Yarmouth, England. RWE operates 3.3 gigawatts of offshore wind power in Europe.
BUSINESS / Companies
Jan 19, 2024
RWE plans further Japan offshore wind push after Niigata win
The German renewable energy company believes floating offshore projects will be the key to achieving the nation's goal of generating 45 GW of wind power by 2040.
Offshore wind turbines at the Scroby Sands Wind Farm, operated by E.ON SE, near Great Yarmouth, United Kingdom. Foreign wind power companies say Japan's development process for offshore wind power takes much longer than in other countries, leading to more uncertainty and risks.
BUSINESS
Dec 1, 2023
Foreign wind power players urge Japan to scale up offshore auctions
"If you want to create appetite from investors you need to propose larger plants"
Trade minister Yasutoshi Nishimura speaks at a ceremony at the Tokyo Stock Exchange on Wednesday to launch a new platform for the trade of carbon credits.
BUSINESS
Oct 11, 2023
Carbon pricing platform kicks off at Tokyo Stock Exchange
More than 180 organizations, including oil firms and regional banks, have decided to participate in the platform.
Kansai Electric Power's Oi nuclear power plant in Fukui Prefecture
BUSINESS / Economy
Aug 3, 2023
Japan's nuclear restarts this year to hasten LNG import decline
Kansai Electric Power's plan next month to relaunch the last idle reactor at its flagship nuclear plant will mark an energy shift in Japan.
Japan Times
JAPAN
May 21, 2023
Hiroshima's savory pancake wins new fan in British prime minister
British Prime Minister Rishi Sunak told reporters he particularly enjoyed eating 'okonomiyaki' during his visit to Hiroshima.
Japan Times
BUSINESS
Apr 28, 2023
Kyushu Electric to raise ¥200 billion to fund green transition
Japanese utilities were hit by high fuel costs last year as a post-pandemic energy crisis was exacerbated by Russia's invasion of Ukraine.
Japan Times
BUSINESS
Feb 9, 2023
Inpex sees 2023 net profit down by 38% on weaker oil and stronger yen
Japan's top exploration and production company sees the average Brent oil price falling to $75 per barrel in 2023 from $99 per barrel last year.
Japan Times
BUSINESS / ANALYSIS
Oct 7, 2021
Russia's Gazprom feels the heat over Europe's red-hot gas prices
European politicians, under pressure from consumers facing a huge jump in winter heating bills, say Russia could supply more of the fuel.
Japan Times
BUSINESS / Economy
Apr 13, 2020
OPEC and Russia approve biggest-ever oil cut amid pandemic
After four days of talks, the group known as OPEC Plus has agreed to reduce output by 9.7 million barrels per day for May and June.
Why Macronism failed
No matter the outcome of the snap parliamentary elections in France, President Emmanuel Macron’s centrist project has failed to convince voters.
What you need to know about Japan's new banknotes
Samples of newly designed yen banknotes at the National Printing Bureau's Tokyo plant on June 19
The Bank of Japan’s $3 trillion problem
As interest rates rise, the Bank of Japan will have to pay more on deposits, resulting in a mismatch between what it pays out and how much it receives on bonds it holds.
Japan releases new banknotes for first time in 20 years
Bank of Japan Gov. Kazuo Ueda and Prime Minister Fumio Kishida show off the new banknotes in Tokyo on Wednesday.
Asking for food substitutions at a Japanese restaurant
With the vegan lifestyle becoming more popular in recent years, Japanese restaurants and inns have begun to offer more vegetarian options.
Labour win in U.K. election would likely mean continuity for Asia
Labour Party leader Keir Starmer speaks during the launch of the party's general election manifesto in Manchester, England, on June 13.
Mount Fuji begins charging entrance fees as overtourism prevention measure
Tourists in front of the restaurant and shopping area of Mount Fuji's 5th Station, which leads to the popular Yoshida trail for hikers climbing the mountain, in Narusawa, Yamanashi Prefecture, on June 19.
Japan’s basketball stars set sights on glory at Paris Games
Lakers forward Rui Hachimura will be a key part of Japan's Olympic ambitions this summer.
Japan looks farther out to sea for overdue wind power boost
Wind turbines near New Brighton, England. According to the International Energy Agency, Japan could produce over 900% of its energy demand with offshore wind alone.

Podcast

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Longform

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By Alex K.T. Martin

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