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Ransomware attack hits Japan's biggest port, delaying cargo

NAGOYA - Japan's biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments.

Ransomware - used by hackers to lock access to files or systems unless a payment is made - caused a container terminal at the Port of Nagoya in Aichi Prefecture to suffer an outage Tuesday morning, the Nagoya Harbor Transportation Authority said Wednesday. The authority said operations are expected to resume Thursday at 8:30 a.m. local time.

As more Asian ports automate and move away from paper documentation, hackers pose a growing problem to the region's shipping networks. Cyber criminals have been targeting European ports in recent years, with pro-Russia groups claiming responsibility for an attack on one of the continent’s biggest ports just last month.

The Nagoya port authority said Russia-based ransomware group Lockbit 3.0 was responsible for the hack, Kyodo News reported Wednesday. Ransomware attackers tend to target vulnerabilities in VPNs and remote desktop protocols, said Mihoko Matsubara, NTT Corp.'s chief cybersecurity strategist. She said such breaches account for 80% of ransomware attacks in Japan. ...continue reading

Source: ANNnewsCH

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Transport disruption from Typhoon No. 7 widened on June 26, with airlines continuing to cancel flights across Okinawa, Kyushu and the Amami region, while JR operators warned of possible suspensions in the Tokyo area and NEXCO Central Japan said some expressway sections had already been closed.

Typhoon No. 7 made its closest approach to Okinawa on Friday morning, bringing stronger rain and wind to the main island, while Typhoon No. 8 and an active seasonal rain front are expected to raise the risk of heavy rain across western and eastern Japan through June 27.

A powerful earthquake with a maximum seismic intensity of upper 6 struck off Iwate Prefecture at around 7:30 a.m. on June 25, shaking parts of Aomori Prefecture and leaving Hachinohe, which was hit by a similarly strong quake last December, facing fresh damage.

A powerful earthquake registering a maximum intensity of 6 upper on Japan’s seismic scale struck Aomori Prefecture at around 7:30 a.m. today. According to the Japan Meteorological Agency, the epicenter was off the coast of Iwate Prefecture, with a depth of about 50 kilometers. The earthquake’s magnitude was estimated at 6.9.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

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Japanese households held 2,386 trillion yen in financial assets at the end of March, up 7.1% from a year earlier, as rising share prices, wider use of the new NISA investment program and the weaker yen lifted the value of assets held by individuals.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

The Nikkei Stock Average fell for a second straight session in Tokyo as investors locked in profits from a rapid rally in artificial intelligence and semiconductor-related shares, briefly sending the benchmark down more than 1,300 yen before bargain hunting helped it recover part of the loss.

Imabari Shipbuilding, Kawasaki Heavy Industries, and Namura Shipbuilding are aiming to resume construction of liquefied natural gas carriers around 2035, as Japan’s shipbuilding industry looks for a path to recovery after losing much of the global market to lower-cost rivals in South Korea and China.

Finance Minister Katayama held online talks with U.S. Treasury Secretary Scott Bessent as the yen approached its weakest level in about 39 years, with the two sides believed to have discussed possible responses, including foreign exchange intervention.

Every year, thousands of people save money by buying through the Japanese auction process. But many do not realize they've paid too much until the vehicle arrives.

Tokyo stocks surged at the start of the week, with the Nikkei Stock Average closing above 72,000 for the first time and extending its record-setting streak to a sixth consecutive trading day.

Sugar prices are on a firmer upward trend as concerns grow over the impact of Middle East tensions and the weaker yen, raising the prospect of further cost pressure on confectionery and other food products.