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.
A team of about 70 rescue experts from Japan was set to arrive in the Nepalese capital on Monday afternoon to provide rescue and assistance following the devastating earthquake which has killed over 3,200 people. (Wall Street journal)
Japan's 140-member supergroup AKB48 is holding its second annual draft next month, in which sub-teams will choose new members from a draft of 48 young hopefuls. And among the finalists is one of the youngest potential members the group has ever seen. (Japan Today)
If you're tired of receiving vacant smiles and flippant customer service at your local grocery store, you may want to make a trip to Japan, where the customer always comes first and every transaction is concluded with a graceful bow. (rocketnews24.com)
Robots and dinosaurs mingled with cosplayers as Japan's largest video-sharing website Niconico on Saturday opened its two-day meet-up gala which is expected to attract more than 100,000 fans for the offline get together. (Japan Today)
Survivors and bereaved families of victims on Saturday marked the 10th anniversary of a fatal train derailment in western Japan that took the lives of 107 people, hoping such an accident never happens again. (Kyodo)
Fukuoka Prefectural Police on Friday took the acting chairman of the Kudo-kai organized crime group into custody for a shooting death that took place seven years ago, reports the Sankei Shimbun (April 24). (Tokyo Reporter)