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's Maritime Self-Defense Force said Monday that a crewman of a destroyer killed himself after being bullied by his superior, a 42-year-old petty officer first class, since October 2013. (Jiji Press)
Nineteen more people were confirmed by the health ministry on Monday to have contracted dengue fever in Tokyo, following three last week and bringing the total number to 22 in the first cases of domestic infection in Japan since 1945. (Nikkei)
The Tokyo District Public Prosecutors Office on Monday decided not to indict Torao Tokuda, former head of hospital group Tokushukai, over a high-profile election fraud case, because he is seriously ill. (The Japan News)
A two-day festival to highlight the charm of Japan's Tohoku region started in a park in front of the Eiffel Tower in Paris on Saturday morning to help reconstruction of the region devastated by the massive earthquake and tsunami some three years ago. (Jiji Press)
The body of a Japanese man was found floating in the Hudson River last week and may have been shot in the head, according to the New York City Police Department and Consulate General of Japan in New York. (Japan Times)