[Biography of the Day] from [Britannica]
Ma Rainey
The first great African American professional blues vocalist, Ma Rainey, was born this day in 1886 in Georgia and contributed greatly to the evolution and popularity of the blues form in the early 20th century.
[On This Day] from [Britannica]
1986: Chernobyl nuclear accident
A devastating environmental catastrophe occurred early this morning in 1986 when an explosion and fire at the Chernobyl nuclear power plant in Ukraine released large amounts of radioactive material into the atmosphere.
[TODAY'S TOP STORIES] from [The Japan Times]
[NATIONAL NEWS]
Sunday, April 26, 2009
Hot arrivals from Mexico face swine flu scrutiny
(メキシコ発豚インフルエンザに検査体制を強化)
CHIBA (Kyodo) Japan went on high alert for swine flu Saturday in light of the deadly outbreaks in Mexico, tightening health checks and inspections on passengers and live pigs arriving from the country.
The quarantine station at Narita airport in Chiba Prefecture began using thermographic imaging to check passengers' temperatures to detect fevers that could be caused by swine flu infections, quarantine officials said.
Thermographic imaging uses infrared cameras to measure body temperatures. The cameras will be installed in front of the arrival gate for flights from Mexico.
The Agriculture, Forestry and Fisheries Ministry also told animal quarantine offices across Japan on Saturday to check live pigs brought into Japan for possible infection.
It has not requested that imported pork products be checked because the virus dies when heated, and the chance of the virus adhering to pork is quite low, it said.
In 2008, 164 pigs were imported for breeding purposes from the United States, which has also dealt with human swine flu infections, and none from Mexico, the ministry said.
At Kansai International Airport, quarantine officials began asking people returning from Mexico to report fevers, coughing or any other potential symptoms to its quarantine office.
The airport installed a thermographic device in 2003 to deal with the outbreak of the respiratory virus SARS and will use it to check passengers from Mexico. Since there are no direct flights from Mexico to Kansai airport, the officials will check those who returning from the country via the United States.
However, swine flu has not yet been designated as an infectious disease requiring quarantine inspections, and airport officials will contact the health ministry whether to determine whether it is appropriate to isolate passengers who appear to have symptoms of swine flu.
A liaison office was set up at the crisis management center in the prime minister's office to gather information on the outbreak, and the health ministry set up 10 telephone lines in the afternoon for consultations on the issue that were soon clogged by anxious callers.
Yoshio Namba, head of the health ministry's swine flu task force, told the public not to panic on Saturday and asked people to act on correct information. The number for telephone consultations is (03) 3501-9031.
The health ministry has prepared leaflets to raise awareness about the epidemic among travelers to Mexico and the United States, which has also reported human infections, and the Foreign Ministry urged those set to travel to Mexico to consider canceling.
More than 5,000 Japanese are living in Mexico, but the government has not received any reports on potential infections, it said.
Chief Cabinet Secretary Takeo Kawamura said at a news conference that a task force headed by Prime Minister Taro Aso will be set up if the World Health Organization concludes that the swine flu virus in Mexico is a new strain that can cause human-to-human infections.
Japanese companies with production bases in Mexico, however, were busy trying to gather information on the outbreak.
Toyota Motor Corp. began preparing to send masks to its plants in the U.S. and Canada, while Nissan Motor Co. has ordered local employees to see doctors if they get symptoms.
Home appliance makers operating in Mexico, including Hitachi Ltd., Panasonic Corp., Sharp Corp. and Sanyo Electric Co., issued similar orders.
[BUSINESS NEWS]
Sunday, April 26, 2009
G7 finance chiefs cling to hope
(G7共同声明採択:経済回復年内に始まる)
WASHINGTON (Kyodo) Finance chiefs from the Group of Seven industrial powers agreed Friday to continue to take every step possible to restore growth and prevent a recurrence of the crisis the world is now experiencing, while maintaining hope the economy will pick up later this year.
Finance ministers and central bankers from the G7, meeting in Washington, struck a somewhat optimistic note on the future, their first since last September, when the financial crisis exploded in their faces and crippled credit markets worldwide.
But they did not forget to warn the world that the global economy is still filled with downside risks.
"Recent data suggest that the pace of decline in our economies has slowed and some signs of stabilization are emerging," they said in a joint statement. "Economic activity should begin to recover later this year amid a continued weak outlook, and downside risks persist."
After the one-day meeting, U.S. Treasury Secretary Timothy Geithner cautioned policymakers around the world against complacency.
"It's too early to conclude that we are beginning to emerge from this remarkably challenging set of pressures," Geithner, hosting a ministerial meeting for the first time, said at a news conference.
The finance chiefs underscored the importance of nailing down commitments made in London by leaders of the Group of 20 in early April.
"As our leaders underscored in London, we are committed to act together to restore jobs and growth and to prevent a crisis of this magnitude from occurring again," said the communique released by the chiefs from Britain, Canada, France, Germany, Italy, Japan and the United States.
"We will take whatever actions are necessary to accelerate the return to trend growth, while preserving long-term fiscal sustainability," it said.
These actions, they said, include restoring lending, offering liquidity help, injecting capital into struggling financial institutions, protecting savings and deposits, and dealing with impaired assets.
The G-7 assessed the global economic outlook, market developments and the actions taken so far, as well as discussing regulatory reform, to counter the crisis at a time when some positive signs in capital markets have also been noticed.
"The worst may be over. That's my understanding" of what the statement "indirectly expressed" about the state of the world economy, Finance Minister Kaoru Yosano said at a news conference.
Still, the International Monetary Fund's latest economic outlook report, released earlier this week, said the world economy is projected to contract 1.3 percent this year, against the previous estimate in January of 0.5 percent growth, which was already the worst pace since World War II.
The G-7 statement welcomed the progress being made to expand the role of the IMF in the global economy, such as the issue of tripling its leading resources to $750 billion, one of the central achievements of the London summit.
[BUSINESS NEWS]
Sunday, April 26, 2009
Shinsei, Aozora discuss merger
(新生、あおぞら銀:統合へ)
(Kyodo News) Shinsei Bank and Aozora Bank are in talks about merging and are looking to establish a joint holding company in summer 2010, which would create Japan's sixth-biggest bank in terms of assets, sources close to the matter said Saturday.
The two banks, which were formerly providers of long-term credit to businesses, are owned chiefly by U.S. hedge funds J.C. Flowers & Co., which has a stake of about 33 percent in Shinsei, and Cerberus Capital Management L.P., which has an interest of some 45 percent in Aozora.
Given that both banks are said to be considering linking up with other financial institutions, what the U.S. shareholders decide is expected to determine the outcome of the talks.
Both banks are strong in corporate financing and corporate rehabilitation operations. A merger will likely help them create economies of scale and therefore reinforce their competitive edge.
Combining the two would create an institution with over 18 trillion in assets, sixth among Japanese commercial banks and larger than Chuo Mitsui Trust Holdings Inc.
Shinsei and Aozora were both nationalized in 1998. After they were brought largely under private ownership in 2000, they revamped their operations under the guidance of their U.S. shareholders and others but remained under partial ownership by the Japanese government.
Both banks anticipate net losses in the year ended in March after suffering huge losses on risky overseas investments that went south when the global financial crisis exploded and the recession ensued.
The Financial Services Agency has been paying close attention to the banks' earnings and asset status and is believed to be calling on them to take radical steps to improve operations, including the option of industry restructuring.
Ma Rainey
The first great African American professional blues vocalist, Ma Rainey, was born this day in 1886 in Georgia and contributed greatly to the evolution and popularity of the blues form in the early 20th century.
[On This Day] from [Britannica]
1986: Chernobyl nuclear accident
A devastating environmental catastrophe occurred early this morning in 1986 when an explosion and fire at the Chernobyl nuclear power plant in Ukraine released large amounts of radioactive material into the atmosphere.
[TODAY'S TOP STORIES] from [The Japan Times]
[NATIONAL NEWS]
Sunday, April 26, 2009
Hot arrivals from Mexico face swine flu scrutiny
(メキシコ発豚インフルエンザに検査体制を強化)
CHIBA (Kyodo) Japan went on high alert for swine flu Saturday in light of the deadly outbreaks in Mexico, tightening health checks and inspections on passengers and live pigs arriving from the country.
The quarantine station at Narita airport in Chiba Prefecture began using thermographic imaging to check passengers' temperatures to detect fevers that could be caused by swine flu infections, quarantine officials said.
Thermographic imaging uses infrared cameras to measure body temperatures. The cameras will be installed in front of the arrival gate for flights from Mexico.
The Agriculture, Forestry and Fisheries Ministry also told animal quarantine offices across Japan on Saturday to check live pigs brought into Japan for possible infection.
It has not requested that imported pork products be checked because the virus dies when heated, and the chance of the virus adhering to pork is quite low, it said.
In 2008, 164 pigs were imported for breeding purposes from the United States, which has also dealt with human swine flu infections, and none from Mexico, the ministry said.
At Kansai International Airport, quarantine officials began asking people returning from Mexico to report fevers, coughing or any other potential symptoms to its quarantine office.
The airport installed a thermographic device in 2003 to deal with the outbreak of the respiratory virus SARS and will use it to check passengers from Mexico. Since there are no direct flights from Mexico to Kansai airport, the officials will check those who returning from the country via the United States.
However, swine flu has not yet been designated as an infectious disease requiring quarantine inspections, and airport officials will contact the health ministry whether to determine whether it is appropriate to isolate passengers who appear to have symptoms of swine flu.
A liaison office was set up at the crisis management center in the prime minister's office to gather information on the outbreak, and the health ministry set up 10 telephone lines in the afternoon for consultations on the issue that were soon clogged by anxious callers.
Yoshio Namba, head of the health ministry's swine flu task force, told the public not to panic on Saturday and asked people to act on correct information. The number for telephone consultations is (03) 3501-9031.
The health ministry has prepared leaflets to raise awareness about the epidemic among travelers to Mexico and the United States, which has also reported human infections, and the Foreign Ministry urged those set to travel to Mexico to consider canceling.
More than 5,000 Japanese are living in Mexico, but the government has not received any reports on potential infections, it said.
Chief Cabinet Secretary Takeo Kawamura said at a news conference that a task force headed by Prime Minister Taro Aso will be set up if the World Health Organization concludes that the swine flu virus in Mexico is a new strain that can cause human-to-human infections.
Japanese companies with production bases in Mexico, however, were busy trying to gather information on the outbreak.
Toyota Motor Corp. began preparing to send masks to its plants in the U.S. and Canada, while Nissan Motor Co. has ordered local employees to see doctors if they get symptoms.
Home appliance makers operating in Mexico, including Hitachi Ltd., Panasonic Corp., Sharp Corp. and Sanyo Electric Co., issued similar orders.
[BUSINESS NEWS]
Sunday, April 26, 2009
G7 finance chiefs cling to hope
(G7共同声明採択:経済回復年内に始まる)
WASHINGTON (Kyodo) Finance chiefs from the Group of Seven industrial powers agreed Friday to continue to take every step possible to restore growth and prevent a recurrence of the crisis the world is now experiencing, while maintaining hope the economy will pick up later this year.
Finance ministers and central bankers from the G7, meeting in Washington, struck a somewhat optimistic note on the future, their first since last September, when the financial crisis exploded in their faces and crippled credit markets worldwide.
But they did not forget to warn the world that the global economy is still filled with downside risks.
"Recent data suggest that the pace of decline in our economies has slowed and some signs of stabilization are emerging," they said in a joint statement. "Economic activity should begin to recover later this year amid a continued weak outlook, and downside risks persist."
After the one-day meeting, U.S. Treasury Secretary Timothy Geithner cautioned policymakers around the world against complacency.
"It's too early to conclude that we are beginning to emerge from this remarkably challenging set of pressures," Geithner, hosting a ministerial meeting for the first time, said at a news conference.
The finance chiefs underscored the importance of nailing down commitments made in London by leaders of the Group of 20 in early April.
"As our leaders underscored in London, we are committed to act together to restore jobs and growth and to prevent a crisis of this magnitude from occurring again," said the communique released by the chiefs from Britain, Canada, France, Germany, Italy, Japan and the United States.
"We will take whatever actions are necessary to accelerate the return to trend growth, while preserving long-term fiscal sustainability," it said.
These actions, they said, include restoring lending, offering liquidity help, injecting capital into struggling financial institutions, protecting savings and deposits, and dealing with impaired assets.
The G-7 assessed the global economic outlook, market developments and the actions taken so far, as well as discussing regulatory reform, to counter the crisis at a time when some positive signs in capital markets have also been noticed.
"The worst may be over. That's my understanding" of what the statement "indirectly expressed" about the state of the world economy, Finance Minister Kaoru Yosano said at a news conference.
Still, the International Monetary Fund's latest economic outlook report, released earlier this week, said the world economy is projected to contract 1.3 percent this year, against the previous estimate in January of 0.5 percent growth, which was already the worst pace since World War II.
The G-7 statement welcomed the progress being made to expand the role of the IMF in the global economy, such as the issue of tripling its leading resources to $750 billion, one of the central achievements of the London summit.
[BUSINESS NEWS]
Sunday, April 26, 2009
Shinsei, Aozora discuss merger
(新生、あおぞら銀:統合へ)
(Kyodo News) Shinsei Bank and Aozora Bank are in talks about merging and are looking to establish a joint holding company in summer 2010, which would create Japan's sixth-biggest bank in terms of assets, sources close to the matter said Saturday.
The two banks, which were formerly providers of long-term credit to businesses, are owned chiefly by U.S. hedge funds J.C. Flowers & Co., which has a stake of about 33 percent in Shinsei, and Cerberus Capital Management L.P., which has an interest of some 45 percent in Aozora.
Given that both banks are said to be considering linking up with other financial institutions, what the U.S. shareholders decide is expected to determine the outcome of the talks.
Both banks are strong in corporate financing and corporate rehabilitation operations. A merger will likely help them create economies of scale and therefore reinforce their competitive edge.
Combining the two would create an institution with over 18 trillion in assets, sixth among Japanese commercial banks and larger than Chuo Mitsui Trust Holdings Inc.
Shinsei and Aozora were both nationalized in 1998. After they were brought largely under private ownership in 2000, they revamped their operations under the guidance of their U.S. shareholders and others but remained under partial ownership by the Japanese government.
Both banks anticipate net losses in the year ended in March after suffering huge losses on risky overseas investments that went south when the global financial crisis exploded and the recession ensued.
The Financial Services Agency has been paying close attention to the banks' earnings and asset status and is believed to be calling on them to take radical steps to improve operations, including the option of industry restructuring.