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.
One of three male teenagers arrested on suspicion of fatally stabbing a 13-year-old boy along the Tama River in Kawasaki has told police that the ringleader threatened him, too, with death, investigative sources said Sunday. (Japan Times)
The last section of the Joban Expressway, designed to connect the Tokyo metropolitan area with the Tohoku northeastern region, opened to traffic on Sunday after delays caused by the nuclear crisis that began almost four years ago. (The Japan News)
A 57-year-old man being investigated on a charge of possession of illegal drugs, who escaped from police by stealing a taxi in Shimonoseki, Yamaguchi Prefecture, on Feb 6, has turned himself in a police station. (Japan Today)
Japanese actress Rei Dan has been appointed an international goodwill ambassador for Japanese cuisine ("washoku"). Her mission is to spread appreciation for the many charms of "washoku," the agriculture ministry said. (Japan Today)
The Supreme Court dismissed Thursday a lower court ruling that nullified suspensions and other disciplinary action against two male members of a company in Osaka due to sexual harassment in the workplace. (The Japan News)