Monthly Archives August 2013

Update – Highly Toxic Water Leaked From Tank Could Have Flowed Into Sea

TEPCO has still not been able to determine from where in the tank the radioactive water is escaping. The container is 12 meters in diameter and 11 meters high, built of steel plates held together by bolts. TEPCO has collected 4 tons of the [300 tons of] leaked water, and said most of the remaining […]

Life Insurers Make Little Headway In Shift To Foreign Bonds

The official line appears to be that JGB are (relatively) risk-free assets: foreign bonds are “riskiER”. TOKYO (Nikkei)–The nation’s largest life insurers continue to invest most of their assets in Japanese government bonds despite efforts by the Bank of Japan to get them to buy riskier assets, such as stocks and foreign bonds. via 2013/08/10 […]

Yahoo Japan, Govt Create Smartphone Disaster Alert App

TOKYO Nikkei–Yahoo Japan Corp. 4689 and the Ministry of Internal Affairs and Communications have created a smartphone app that issues evacuation advisories during natural disasters. The app receives alerts from local authorities when a disaster strikes, such as earthquakes, tsunami, typhoons and torrential rains. App users will receive these alerts based on their chosen location. […]

Highly radioactive water leaks from Fukushima storage tank – level 3?

Japan’s Chief Cabinet Secretary Yoshihide Suga called the situation “deplorable”, and the Nuclear Regulation Authority NRA said it feared the disaster – the worst nuclear accident since Chernobyl a quarter of a century earlier – was “in some respects” beyond the plant operator’s ability to cope. The plant’s operator, Tokyo Electric Power Co, or Tepco, […]

Update on FATCA and Japan

An update on an earlier post of mine on FATCA: Resistance to the act from foreign states has nevertheless been muted. From as early as 2010 Japanese bankers expressed no intention of complying to the regulations and yet they did. On June 11, 2013 the Japanese government signed the Statement of Mutual Cooperation and Understanding […]

Zero Hedge | On a long enough timeline the survival rate for everyone drops to zero

China, Japan Sell Most US Paper In Years; Foreign Treasury Holdings At 2013 Lows via Zero Hedge | On a long enough timeline the survival rate for everyone drops to zero. And TICsaster: Foreigners Sell More US Securities Than After Lehman Bankruptcy Did we say selling? Pardon, we meant dumping with a vengeance, throwing out […]

2013/08/13 04:21 – Toxic Water Could Flow Around Barrier To Sea

TOKYO Nikkei–The Nuclear Regulation Authority on Monday questioned the effectiveness of a nearly completed underground barrier meant to prevent radioactive water from leaking into the ocean at the Fukushima Daiichi nuclear plant. Highly radioactive water in the ground between reactor buildings and the coastline is feared to be flowing into the ocean. The plant’s operator, […]

Change of theme

As you can see, I’ve changed the theme of the blog, from “Blue” to “Live”. I figured it was time for a change after seeing Jamie Rubin’s new theme. I like Twenty-Thirteen and the other Twenty-something themes and use them on other blogs, but on this blog I have 3 columns, so that limits my […]

Yen Surges As Japanese GDP Misses By Most In A Year | Zero Hedge

If you are one of those who never believed in Abenomics, then the following will not come as a surprise. After reading the below, read this piece: Five Years Later, Fed Finds QE Has “At Best, Moderate Effects on Economic Growth”. There goes the tax hike (and any expectation of fiscal balance). Japanese GDP grew […]

The Secret GOOD NEWS from Fukushima | Zero Hedge

Are you desperate for good news from Fukushima? I certainly am. So I clicked on this ZeroHedge story. Many bad secrets have been revealed about Fukushima. For example: Plant operator Tepco just admitted that it’s known for 2 years that massive amounts of radioactive water are leaking into the groundwater and Pacific Ocean … But […]