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A 7.5 magnitude earthquake struck central Japan on Monday afternoon, collapsing buildings, causing fires and triggering tsunami alerts as far away as eastern Russia, prompting orders for residents to evacuate affected coastal areas of Japan.
CNN
A 6.9 magnitude earthquake struck Iwaki City, in Japan's Fukushima prefecture, early Tuesday morning.
Wall Street Journal
Renesas expects to be able to restore full pre-earthquake production capacity on May 22.
Company release
Toyota was halting production at plants across the country because the earthquakes disrupted its supply chain.
Fortune
A more powerful earthquake has rocked the southern Japanese city of Kumamoto in the middle of the night, a day after an earlier tremor killed nine people.
BBC News
Toyota Motor said it had restored vehicle output in Japan to "near-normal levels" on Monday, after severe flooding in Thailand disrupted supply chains.
BBC News
Japanese cabinet ministers will call on the government to ease rules on building geothermal, wind and hydraulic power plants to boost renewable energy use after the Fukushima nuclear crisis, the Nikkei business daily reported on Thursday.
Reuters
The Japanese semiconductor industry, which has been in decline for more than 20 years, needs to select key technology areas and refocus to rise again, Junshi Yamaguchi, former chairman of Renesas Electronics, told the International Electronics Forum being organized here.
EE Times
It took just three months to put the microcontroller manufacturer's hard-hit Naka facility back in operation.
IEEE Spectrum
Toshiba has said that operating profits for the fiscal quarter fell 88% as the earthquake hit its power operations and a strong yen bit into earnings, and it kept its annual forecast in line with expectations.
Reuters
28 Jul 2011
3M Co. said Tuesday that its second-quarter profit grew 3.4 percent. That's not bad, but it would have risen more if not for the earthquake in Japan and a big slowdown in its business making coatings for LCD television screens.
Bloomberg (via Businessweek)
As Japan rethinks its dependence on nuclear energy in the wake of the Fukushima nuclear accident, Sharp Corp. is out front in the discussion over what's next.
Wall Street Journal
Sony Ericsson has blamed the the Japanese earthquake for a EUR50 million (US$71 million) loss during the three months to June.
BBC News
Four months ago Japan's huge earthquake and tsunami wreaked havoc with Japanese equities, causing such frenzied selling that the Tokyo Stock Exchange came under pressure to shut the bourse temporarily. The Nikkei 225 index is now rebounding and homing in on its March 11 close of 10,254.43, when traders had just 14 minutes to react to the quake before trading ended.
The Financial Times
Trading company giant Mitsui & Co. plans to build huge solar power plants in the Tohoku region to help the region recover from the March 11 disaster by easing its power shortages, it was learned Wednesday.
Daily Yomiuri On-Line
Having 8 facilities within the Tokyo Electric Power Company and Tohoku Electric Power Co service areas, Kyocera has increased the size of the rooftop solar power system at its Tanagura manufacturing plant in Fukushima Prefecture, to meet energy reduction targets of 15%, due to the power consumption regulations dictated after the Fukushima nuclear power disaster.
PV-Tech
"It is a bit surprising that we have not seen a more significant impact on our global IT spending forecast as a results of the Japan earthquake and tsunami, but despite widespread concerns about disruptions to the supply of critical components in the initial aftermath of the natural disaster, there has not been a dramatic impact on overall IT spending," said Richard Gordon, research VP at Gartner.
Gartner
TI's Miho and Aizu sites and its Tokyo offices were affected by the initial magnitude 8.9 earthquake. Initial production lines at Miho resumed in mid-April, and full production will resume in third quarter. TI's fab in Aizu has returned to full production.
Company release
Japan's industrial production rose for a second straight month in May, after falling sharply in the wake of the March 11 earthquake and tsunami, but the increase in factory output was lower than the government had forecast.
The Financial Times
Solar is one of the power sources the government of the world's third-largest economy is focusing on after the March earthquake and tsunami shattered Tokyo's nuclear-dependent energy policy.
Reuters
Factory output rose by 1% in April from the previous month as companies worked towards dealing with problems in supply chain disruption.
BBC News
Sony has said it resumed output of Blu-ray video disks on May 30 at a factory in Tagajo that was badly damaged by waves unleashed by the magnitude-9 offshore 'quake.
The Financial Times
The economy shrank by a much worse-than-expected annualised 3.7% in the first three months of 2011, marking the second consecutive quarter of contraction, which economists define as a technical recession.
AFP (via Google)
Disruptions and shortages continue to loom over MCU product suppliers who are already facing severe pressure in the supply chain.
EE Times India
The consumer confidence index fell to 33.1 in April 2011, down from 38.6 in March, according to the Cabinet Office. A reading below 50 suggests consumer pessimism.
BBC News
The operator of Japan's crippled Fukushima Daiichi nuclear plant has asked the government for help compensating victims of the crisis.
BBC News
Japanese automobile sales more than halved in April - the biggest monthly drop on record - and are not expected to recover until late 2011, raising concerns the country's leading vehicle manufacturers will post losses for the first half of the year.
The Financial Times
Japan's parliament has passed a JPY4 trillion (US$49 billion) emergency budget for reconstruction following the 11 March earthquake and tsunami.
BBC News
Sony plans to resume production of Blu-ray and other optical discs at a tsunami-hit factory in northern Japan in late May, according to the company.
PC World
Renesas Electronics expects to restart production at a quake-hit factory in east Japan in mid June, about two weeks earlier than initially planned.
PC World
GDP will expand 0.8% in 2011, down sharply from the 1.7% growth previously forecast. But as reconstruction spending gains pace, the economy will expand 2.3% in 2012, faster than previous estimates for 1.3% growth, the OECD said.
The Guardian
The driving force of Japan's economy has gone into reverse. In March exports fell 2.2% which is the first drop in almost a year and a half.
BBC News
The event was postponed due to the ongoing recovery efforts in the wake of the Great East Japan Earthquake and at the request of Japanese government agencies to help conserve energy resources during the summer months. SEMICON Japan 2011 is now scheduled for December 7-9 in the same venue as PVJapan.
Company release
"2011 started strong, with customer demand in January and February tracking our expectations for a first quarter of above-seasonal growth," said Rich Templeton, TI CEO. "But the Japan earthquake that's taken such a heartbreaking human toll in the country also disrupted local demand starting in mid-March and impaired operations at two of our factories there."
Company release
Toyota has now resumed car production at all of its plants in Japan for the first time since last month's earthquake and tsunami. However, the car manufacturer said that production would be half of its normal level because of parts shortages.
BBC News
Japanese voters are critical of Prime Minister Naoto Kan's handling of the crisis at a crippled nuclear plant and support raising taxes to finance rebuilding plans after last month's earthquake and tsunami, surveys show.
Bloomberg (via Businessweek)
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