East Japan Railway Co., the world’s largest listed train operator, plans to form a company this year to help coordinate domestic rail suppliers attempts to challenge Alstom SA and Siemens AG for train projects overseas.
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.
Tokyo Electric Power Co ., Toshiba Corp ., East Japan Railway Co . and Shin-Etsu Chemical Co . are among companies that may be most hurt by the strongest earthquake on record to hit Japan, analysts and investors said.
Tokyo’s biggest subway operator expanded operations this afternoon as power shortages eased and more workers returned, while commuters endured aftershocks from the March 11 quake and crammed themselves into trains and buses.
Tokyo’s preparedness for dealing with a major earthquake after last year’s record temblor in northeast Japan that left more than 19,000 dead or missing may not significantly cut deaths or damage, says Kazuchika Asano, who has studied the city’s emergency procedures for two decades.
Sales of Japanese corporate bonds rebounded this quarter from the weakest first half in five years as concerns that the European debt crisis may stifle funding and the lowest yields since October lured borrowers.
Japan’s biggest subway and train operators reduced services on commuter lines for a second weekday to conserve power after the March 11 earthquake crippled a nuclear power plant north of the capital Tokyo.