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Japan

11.07.2012

Japanese insurers are expanding their maritime coverage to allow more domestic tankers to transport Iranian crude, as Tokyo looks to keep oil flowing despite tough Western sanctions, industry sources told Reuters on Wednesday.

Japan, Iran's third biggest oil buyer, is expected to resume imports of the OPEC member's crude in August after halting shipments this month as buyers held back to avoid any risk of running afoul of European Union sanctions, which took effect last week.

09.07.2012

A delegation of Uzbekistan will take part at the conference on Afghanistan, which will start in Tokyo on Monday, the country's Foreign Ministry said.

The conference, which will be held under the chairmanship of Japanese and Afghan governments, is expected to be attended by representatives of 70 countries and several international organizations.

The forum participants will discuss sustainable development of Afghanistan in light of the withdrawal of international coalition forces in 2014, coordination of international assistance to Afghanistan, as well as regional economic cooperation.

05.07.2012

A nuclear reactor started supplying power early Thursday in western Japan, becoming the nation's first reactor to restart operation since last year's nuclear disaster that has prompted growing public opposition against the power source, dpa reported.

Japan regained nuclear-generated electricity as reactor 3 at the Oi Nuclear Power Plant on the Sea of Japan coast was connected to the generator and transmission grid.

05.07.2012

Last year's nuclear disaster in Japan was "clearly man-made," an independent investigation commission said Thursday as it harshly criticized the government and plant operator Tokyo Electric Power Co (TEPCO), DPA reported.

The world's worst nuclear accident since the 1986 Chernobyl disaster "was the result of collusion between the government, the regulators and TEPCO and the lack of governance by said parties," the commission said.

03.07.2012

Iranian Foreign Minister Ali Akbar Salehi will attend a conference on Afghanistan, that will be held in Japan's Tokyo soon, Iranian Foreign Ministry's Spokesman Ramin Mehmanparast said in Tehran at a weekly press conference, IRIB News reported.

Mehmanparast noted that Salehi was invited to participate in the conference by Japanese Foreign Minister Koichiro Gemba.

Aside from Iran's representative, officials from some 40 countries will be attending the conference, that is to focus on economic aspects of Afghanistan's future.

20.06.2012

Japan's parliament approved government guarantees on insurance for crude oil cargoes from Iran on Wednesday, paving the way for it to become the first of Iran's big Asian oil buyers to get round new European Union sanctions, Reuters reported.

Last month IEA said Iran's oil exports have decreased from 2.5 mbd to less than 2.0 mbd, and this figure is expected to fall even further to 1.5 mbd in the second half of 2012.

The law will take effect on June 27, a government official who requested anonymity said on Tuesday.

20.06.2012

At least two of Asia's four top buyers of Iranian crude will keep imports flowing, though at overall reduced rates, as they find ways around an EU ban on insuring tankers carrying the Islamic country's oil, Reuters reported.

Asia needs oil to feed growing demand and top consumers are reluctant to entirely halt imports from Iran and depend entirely on top exporter Saudi Arabia, especially given that output from other alternative suppliers such as Libya and Iraq has not stabilized.

19.06.2012

Japanese companies are interested in financing any pipeline projects in the Caspian region, head of Moscow representative office (for Russia and all CIS countries) of the Japan Bank for International Cooperation Hiroshi Iwao said.

12.06.2012

Japan's cabinet ministers approved and submitted a special bill to parliament on Monday to enable the government to provide insurance cover for Iranian crude imports once a European Union ban on insurance and reinsurance takes effect on July 1, Reuters reported.

The insurance scheme would enable the Japanese government to provide direct payments of up to $7.6 billion in the event of a critical incident on a tanker carrying Iranian crude bound for Japan, the transport ministry said in a statement.

04.06.2012

A former Japanese cult member was arrested in the suburbs of Tokyo after 17 years on the run for alleged involvement in a deadly 1995 subway gas attack, local media reported Monday.

Naoko Kikuchi, a 40-year-old Aum Shinrikyo member, admitted to her role in the production of the sarin gas though she said she did not know what it was, the Kyodo News agency reported, citing police, DPA reported.

The sarin gas attack in the Tokyo subway system killed 13 people and injured more than 6,000.