Japan's use of fuel oil to generate power is set to fall over the next fiscal year to levels not seen since before the Fukushima disaster, if enough of the country's nuclear reactors are allowed back online.
Demand for low sulphur fuel oil has already dropped as Asia's largest listed power utility Tokyo Electric Power Co (Tepco) leads a switch to coal and gas to cut costs.
Further falls will push product back into an over-supplied Asia-Pacific market, hitting prices and processing margins already expected to be weak due to refinery expansions in China and the Middle East.
Japan's low sulphur fuel oil imports rose to a 39-year high of 150,600 barrels per day (bpd) in the financial year that ended last March 31, but between April and November 2013 fell about a third from the same period the previous year, according to trade ministry data.
Japan is the largest importer of fuel oil for power use in Asia, taking more than twice the volumes of the next biggest user, South Korea, according to traders.
Japan stayed bottom among 32 comparable Organization for Economic Cooperation and Development member states in public spending on education for the sixth straight year in 2012, an OECD survey has shown. (Jiji Press)
Tokyo Metropolitan Police have arrested the head of an adult video (AV) label specializing in productions featuring gay men for employing an underage male actor, reports Nippon News Network. (Tokyo Reporter)
Fukuoka Prefectural Police on Wednesday will re-arrest an upper-ranking member of the Kudo-kai organized crime group for participation in two arson attacks, reports the Sankei Shimbun. (Tokyo Reporter)
Three bodies have been retrieved from a boat found floating in the Sea of Japan off the coast of Fukui Prefecture on Sunday, two days after a similar discovery in waters off a neighboring prefecture, reports the Yomiuri Shimbun (Nov. 23). (Tokyo Reporter)