Kyodo News News
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SoftBank Corp. will review solar projects it’s planning for Japan’s northernmost island because Hokkaido Electric Power Co. hasn’t approved applications for power sales, Kyodo News agency reported today.
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North Korea fired three short-range missiles yesterday as it showcased its military ambitions in defiance of international sanctions and diplomatic efforts to convince the totalitarian state to return to talks.
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A delegation led by aide to Japanese Prime Minister Shinzo Abe arrived in capital Pyongyang today, North Korea’s official Korean Central News Agency says without giving further details. * Kyodo News reported Iijima arrived in North Korea by air: NSN MMS5J36JIJVX <GO>
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Japanese stocks rose, with the Topix Index extending a 4 1/2-year high, as the yen weakened past 102 against the dollar after the Group of Seven signaled tolerance for the currency’s drop. Nissan Motor Co. and Panasonic Corp. jumped after posting earnings.
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Japan’s power utilities reported combined losses of about 1.6 trillion yen a year ago, the equivalent of $20 billion at the time. Yesterday, they repeated the performance.
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Defense officials from Japan and China will meet today in Beijing, signaling Asia’s two biggest economies are trying to soothe rising tensions over East China Sea islands claimed by both.
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Koyasan Shingon Buddhism, the Japanese owner of a cluster of World Heritage Site temples founded in the 9th century, reported losses equal to about a quarter of its assets after bets in the Australian dollar and structured bonds soured.
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Japanese Prime Minister Shinzo Abe vowed to use force if necessary to defend islands also claimed by China as tensions rose over visits by his fellow lawmakers to a Tokyo shrine seen in Asia as a symbol of wartime aggression.
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Uranium’s rally from a three-year low is stalling amid signs Japan, once the world’s third-biggest nuclear power producer, will keep all but a handful of its reactors offline this year.
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U.S. Defense Secretary Chuck Hagel said North Korea has “been skating very close to a dangerous line” and should tone down its “bellicose rhetoric” to ease mounting tensions in the region.
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