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Moderate 4.6 quake hits Japan, no tsunami warning TOKYO: A moderate 4.6-magnitude earthquake hit the region that hosts Japan's crippled Fukushima nuclear plant on Wednesday, but there were no reports of damage and authorities did not issue a tsunami warning.The quake struck at 5:24 pm (0824 GMT) in Fukushima prefecture at a depth of 10 kilometres (six miles), according to the Japan Meteorological Agency.Tokyo Electric Power, which operates the Fukushima plant, said the quake did not adversely affect the site of the worst atomic accident since Chernobyl.Seismologists say the area will continue to feel strong aftershocks from the monster 2011 quake, which unleashed a deadly tsunami that swamped reactor cooling systems and devastated Japan's northern Pacific coastline.The disaster left more than 18,000 people dead or missing and sparked the nuclear crisis at Fukushima.On Saturday a strong 6.8-magnitude earthquake off the coast near Fukushima caused a minor tsunami in the early hours, though authorities lifted all warnings roughly two ...

Tokyo assemblyman quits after tweeting 'Drop dead' TOKYO: A local councillor in Tokyo has quit after writing "Drop dead!" during an angry exchange on Twitter, in another gaffe by local Japanese politicians in recent weeks.Hiromi Kaneko, 51, a communist member of the assembly in one of Tokyo's 23 districts, told Japanese media Wednesday he stepped down at the behest of colleagues and supporters because the expression was "not appropriate" to be used by anyone,let alone a legislator."You ARE human scum. Drop dead! ...
China finishes oil drilling in disputed waters BEIJING: An oil rig that China moved into contested waters to the fury of Vietnam has finished drilling "as planned", the energy company behind the project said, a month earlier than expected.The official news agency Xinhua said the giant rig would be withdrawn to the area of China's Hainan island.Relations between the Communist neighbours have plummeted since the oil rig was moved near the Paracel Islands in the South China Sea in May.Beijing and Hanoi ...
South Korea-US naval drill begins in face of North anger SEOUL: South Korea and the United States on Wednesday launched a five-day joint naval drill in the face of angry North Korean protests and warnings backed by missile tests.Two separate drills began simultaneously in the East Sea (Sea of Japan) and off the southern port of Mokpo, South Korean military officials said.The drill off Mokpo was led by the USS George Washington aircraft carrier, which will also participate in a search and rescue exercise next ...
Student survivors of Korea ferry march on parliament SEOUL: More than 30 student survivors of South Korea's ferry disaster marched on parliament Wednesday to press demands by victims' relatives for an independent inquiry into the tragedy that claimed around 300 lives.The students accompanied by their parents had left their high school in Ansan, south of Seoul, on Tuesday to walk the 20 miles (32 kilometres) to the capital's National Assembly building.The 6,825-ton ferry Sewol sank in waters off the country's southwest coast on ...
Japan nuclear plant gets safety OK, may be first to restart TOKYO: A nuclear plant in southern Japan cleared an initial safety hurdle on Wednesday which could see it become the first nuclear facility to restart after the industry was idled by the 2011 Fukushima disaster.With Japan in its first summer without nuclear power in four decades, Prime Minister Shinzo Abe is pushing to restart the country's 48 nuclear reactors, as a prolonged shutdown forces the nation to rely on expensive fossil fuel imports. The Nuclear ...
South Korea policymakers talk up need for growth; market eyes rate cut SEOUL: South Korea's new finance minister and its central bank governor both highlighted weakness in Asia's fourth-largest economy on Wednesday, adding to market expectations that an interest rate cut could be in the offing. While Finance Minister Choi Kyung-hwan did not mention interest rates in his inauguration speech and shut the door on the prospect for a supplementary budget, he promised a bigger budget next year, citing weakened demand and sluggish output. Also on Wednesday ...

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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
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WeeklyJuly 10, 2014
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