Tag Archives: Tokyo

Japanese capital holds first North Korean missile attack drill

Participants run during an anti-missile evacuation drill at the Tokyo Dome City amusement park in Tokyo, Japan January 22, 2018.

TOKYO (Reuters) – Tokyo held its first missile evacuation drill on Monday with volunteers taking cover in subway stations and other underground spaces that would double as shelters for the Japanese capital in the event of a North Korean missile strike.

The choreographed evacuations at a fair ground and park ringing the Tokyo Dome baseball stadium involved around 300 volunteers.

Small groups of protesters scuffled with police as they demonstrated against what they criticized as a war game that fanned public fear.

While hope grows that North Korea’s participation in next month’s Winter Olympics in South Korea may help defuse tension in the region, Japan is escalating efforts to prepare its citizens for a possible war.

Tokyo believes the threat posed by Pyongyang’s ballistic missile and nuclear weapons development is deepening.

“A missile from North Korea would arrive in less than 10 minutes and the first alert would come about three minutes after launch, which gives us only around five minutes to find shelter,” Hiroyuku Suenaga, a Japanese government official, told volunteers after the Tokyo exercise.

Small Japanese towns and villages have conducted similar drills as North Korea has pushed ahead with its missile and nuclear weapons programs.

North Korea conducted its most recent and biggest nuclear bomb test in September and has tested dozens of ballistic missiles. The latest missile test in November reached an altitude of about 4,475 km (2,780 miles) and flew 950 km (590 miles), passing over Japan before splashing into waters in Japan’s exclusive economic zone.

Pyongyang says its weapons programs are a necessary defense against a possible U.S. invasion.

Amid public concern over the possibility of more missile launches, Japanese public broadcaster NHK issued a false launch alarm urging people to take shelter six days ago. That came days after a similar false alert caused panic across Hawaii.

“I am not that worried about North Korea, if something happened that would be frightening,” said Hidenobu Kondo, one of the volunteer evacuees. However, the 50-year-old company employee said the drill would not be of much use in the event of real attack.

“If I was at work it might be easy to evacuate, but If I was outside somewhere it would be more difficult,” Kondo said.

Japan’s defenses against a ballistic missile strike include Aegis destroyers in the Sea of Japan armed with interceptor missiles designed to destroy warheads in space. PAC-3 Patriot missile batteries represent a last line of defense against warheads that can plunge to their targets at several kilometers per second.

Japan has also decided to buy two land-based Aegis batteries and cruise missiles that could strike North Korean missile sites.

(Reporting by Tim Kelly; Editing by Paul Tait)

Putin says U.S. missile systems in Alaska, South Korea challenge Russia

Russian President Vladimir Putin speaks during a meeting with representatives of international news agencies in St. Petersburg, Russia, June 1, 2017.

By Denis Pinchuk and Andrew Osborn

ST PETERSBURG/MOSCOW (Reuters) – Russian President Vladimir Putin said on Thursday that elements of a U.S. anti-missile system in Alaska and South Korea were a challenge to Russia and that Moscow had no choice but to build up its own forces in response.

Putin, speaking at an economic forum in St Petersburg, said Russia could not stand idly by and watch while others increased their military capabilities along its borders in the Far East in the same way as he said had been done in Europe.

Participants attend a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 1, 2017. REUTERS/Sergei

Participants attend a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 1, 2017. REUTERS/Sergei Karpukhin

He said Moscow was particularly alarmed by the deployment of the U.S. THAAD anti-missile system to South Korea to counter a North Korean missile threat and to reported U.S. plans to beef up Fort Greely in Alaska, a launch site for anti-ballistic missiles.

“This destroys the strategic balance in the world,” Putin told a meeting with international media, the start of which was broadcast on state TV.

“What is happening is a very serious and alarming process. In Alaska, and now in South Korea, elements of the anti-missile defence system are emerging. Should we just stand idly by and watch this? Of course not. We are thinking about how to respond to these challenges. This is a challenge for us.”

Washington was using North Korea as a pretext to expand its military infrastructure in Asia in the same way it had used Iran as a pretext to develop a missile shield in Europe, charged Putin.

RUSSIAN RESPONSE

Putin said the Kurile Islands, a chain of islands in the Far East where Moscow and Tokyo have rival territorial claims, were “quite a convenient place” to deploy Russian military hardware to respond to such threats.

Defence Minister Sergei Shoigu said last year Russia planned to deploy some of its newest missile defence systems and drones to the islands, part of a drive to rearm military units already stationed there. He has also spoken of Russia building a military base there.

“I don’t agree that we are unilaterally starting to militarize these islands,” said Putin. “It is simply a forced response to what is happening in the region.” Any talk of demilitarizing the islands could only occur once tensions in the entire region had been reduced, he said.

Tokyo and Moscow have long been locked in talks over the contested islands, known as the Northern Territories in Japan. Putin said Russia was alive to the danger that Japan might allow U.S. troops to deploy there if it struck a deal to hand over some of the islands to Tokyo’s jurisdiction.

“Such a possibility exists,” said Putin.

Russia did not want to worsen already poor relations with Washington by fueling what he described as an arms race, but Putin said the United States was still consumed by what he called an anti-Russian campaign.

“How will the situation develop? We don’t know,” said Putin.

(Additional reporting by Dmitry Solovyov and Maria Kiselyova; Writing by Andrew Osborn; Editing by Alexander Winning)

Exclusive: U.S., Japanese firms collaborating on new missile defense radars – sources

FILE PHOTO: Logos of Mitsubishi Electric Corp are seen at a news conference at the company's headquarters in Tokyo, Japan, May 23, 2016. REUTERS/Toru Hanai/File Photo

By Tim Kelly and Nobuhiro Kubo

TOKYO (Reuters) – Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan’s shield against any North Korean missile strike, government and defense industry sources in Tokyo told Reuters.

As nuclear-armed Pyongyang builds ever more advanced missiles with the ability to strike anywhere in Japan, Tokyo is likely to fund a ground version of the ship-based Aegis defense system deployed on warships in the Sea of Japan, other sources had said earlier.

Raytheon is allied with Mitsubishi Electric Corp on the project while Lockheed is working with Fujitsu Ltd. The intent is to extend the range of Japan’s detection and targeting radars multiple times beyond range of models currently deployed at sea, the five government and industry sources said.

“Japan’s government is very interested in acquiring this capability,” said one of the sources with knowledge of the radar plans. The sources asked not to be identified because they were not authorized to speak to the media.

“Japan wants to have Aegis Ashore operational by 2023 at the latest,” said another of the sources.

Lockheed Martin, Raytheon and Mitsubishi Electric declined comment, while Fujitsu did not respond to requests for comment.

A spokesman for Japan’s Ministry of Defense said Tokyo did not currently have any concrete plans to collaborate with the United States on Aegis radars. “It is not our place to discuss the activities of corporations,” the spokesman added.

The proposed Aegis Ashore radars would be variants of models already developed by Raytheon and Lockheed, the sources said. They would include components using gallium nitride, an advanced material fabricated separately by Mitsubishi Electric and Fujitsu that can amplify power far more efficiently than conventional silicon-based semiconductors.

Nuclear-capable North Korea has a fast accelerating missile development program and Japanese officials have been worried that its ballistic missile defenses (BMD) could be overwhelmed by swarm attacks or be circumvented by warheads launched on lofted trajectories.

In the latest snub to demands it end its weapons program, North Korea on Sunday fired what it described as a intermediate-range ballistic missile that flew about 500 km (311 miles), falling into waters off its east coast.

It had tested another missile the previous Sunday. North Korea said that launch tested the capability to carry a “large-size heavy nuclear warhead” and put the U.S. mainland within “sighting range.”

Japan would likely need three Aegis Ashore batteries to cover the whole country, each of which would cost around $700 million without missiles, one of the sources said.

EXPORT

The idea is that such systems could eventually be sold to the U.S. or other militaries, representing a second chance for Japan to break into global arms markets after a failed bid last year to sell Australia a fleet of submarines in what Tokyo had hoped would spur military exports.

Prime Minister Shinzo Abe ended a decades-old ban on arms exports in 2014 to help beef up the nation’s military and lower the unit cost of home-built military equipment but Japan’s long-isolated defense companies have so far had scant success winning business overseas.

“Rather than a fully engineered submarine or other platform, the best way Japan can win export deals is to get Japanese components and technology integrated into U.S. equipment,” another of the sources said.

Japan is expected to make a final decision to acquire a ground-based Aegis system this year. It has also looked at buying THAAD (Terminal High Altitude Area Defense), which would add a third layer of defense between Aegis and Japan’s last line of defense PAC-3 Patriot missiles, to counter the North Korean threat.

Each THAAD battery, which come with missiles already loaded, costs around $1 billion.

Using either THAAD or beefed up Aegis radars could, however, anger China, which is already upset that THAAD batteries recently deployed in South Korea can peer deep beyond its border.

(Editing by Raju Gopalakrishnan)

Japanese demand for nuclear shelters, purifiers surges as North Korea tension mounts

A North Korean navy truck carries the 'Pukkuksong' submarine-launched ballistic missile (SLBM) during a military parade marking the 105th birth anniversary of country's founding father, Kim Il Sung in Pyongyang,

By Kiyoshi Takenaka

TOKYO (Reuters) – Sales of nuclear shelters and radiation-blocking air purifiers have surged in Japan in recent weeks as North Korea has pressed ahead with missile tests in defiance of U.N. sanctions.

A small company that specializes in building nuclear shelters, generally under people’s houses, has received eight orders in April alone compared with six orders during a typical year.

The company, Oribe Seiki Seisakusho, based in Kobe, western Japan, also has sold out of 50 Swiss-made air purifiers, which are said to keep out radiation and poisonous gas, and is trying to get more, said Nobuko Oribe, the company’s director.

A purifier designed for six people sells for 620,000 yen ($5,630) and one designed for 13 people and usually installed in a family-use shelter costs 1.7 million yen ($15,440).

Concerns about a possible gas attack have grown in Japan after Prime Minister Shinzo Abe told a parliament session this month that North Korea may have the capacity to deliver missiles equipped with sarin nerve gas.

“It takes time and money to build a shelter. But all we hear these days, in this tense atmosphere, is that they want one now,” Oribe said. “They ask us to come right away and give them an estimate.”

Another small company, Earth Shift, based in Shizuoka prefecture, has seen a tenfold increase in inquiries and quotes for its underground shelters, Akira Shiga, a sales manager at the company said. The inquiries began gradually increasing in February and have come from all over Japan, he said.

FILE PHOTO: A soldier films North Korean soldiers, officers and high ranking officials attending a military parade marking the 105th birth anniversary of country's founding father Kim Il Sung in Pyongyang, North Korea

FILE PHOTO: A soldier films North Korean soldiers, officers and high ranking officials attending a military parade marking the 105th birth anniversary of country’s founding father Kim Il Sung in Pyongyang, North Korea, April 15, 2017. REUTERS/Damir Sagolj/File Photo

EVACUATION DRILLS

North Korean missiles have fired with increasing frequency. Last month, three fell into waters within Japan’s exclusive economic zone, some 300-350 kilometers off the coast of northern Akita prefecture.

The Japanese government on Friday urged local governments to hold evacuation drills in case of a possible missile attack, heightening a sense of urgency among the public.

Some orders for the shelters were placed by owners of small-sized companies for their employees, and others by families, Oribe said. A nuclear shelter for up to 13 people costs about 25 million yen ($227,210) and takes about four months to build, he said.

The shelter his company offers is a reinforced, air-tight basement with an air purifier that can block radiation as well as poisonous gas. The room is designed to withstand a blast even when a Hiroshima-class nuclear bomb exploded just 660 meters away, Oribe said.

North Korea said on Sunday it was ready to sink a U.S. aircraft carrier to demonstrate its military might, in the latest sign of rising tension in the region.

The United States ordered the USS Carl Vinson carrier strike group to sail to waters off the Korean peninsula in response to mounting concern over the reclusive state’s nuclear and missile programmes.

In Japan’s previous experience with sarin gas in 1995, members of a doomsday cult killed 12 people and made thousands ill in attacks on Tokyo subways.

(Reporting by Kiyoshi Takenaka Additional reporting by Teppei Kasai; Editing by Malcolm Foster and Bill Tarrant)

North Korea fires four missiles toward Japan, angering Tokyo and South Korea

A woman walks past a television broadcasting a news report on North Korea firing ballistic missiles, at a railway station in Seoul, South Korea,

By Ju-min Park and Kaori Kaneko

SEOUL/TOKYO (Reuters) – North Korea fired four ballistic missiles into the sea off Japan’s northwest coast on Monday, angering South Korea and Japan, days after it promised retaliation over U.S.-South Korea military drills it sees as preparation for war.

South Korea’s military said the missiles were unlikely to have been intercontinental ballistic missiles (ICBM), which can reach the United States. They flew on average 1,000 km (620 miles) and reached an altitude of 260 km (160 miles).

Some landed as close as 300 km (190 miles) from Japan’s northwest coast, Japan’s Defence Minister Tomomi Inada said in Tokyo.

The United States and Japan have requested a United Nations Security Council meeting on the launches, which will likely be scheduled for Wednesday, diplomats said.

The U.S. military on Monday left open the possibility of additional launch attempts.

“There were four that landed. There may be a higher number of launches that we’re not commenting on. But four landed and splashed in the Sea of Japan,” Navy Captain Jeff Davis, a Pentagon spokesman, told a news briefing.

Condemning the launches as further “provocative behavior,” White House spokesman Sean Spicer told reporters the United States was taking steps to enhance defense against ballistic missiles, including deployment of a Terminal High Altitude Area Defense (THAAD) battery in South Korea.

South Korea’s acting President Hwang Kyo-ahn said Seoul would swiftly deploy the anti-missile system despite angry objections from China. A U.S. official said the system could be installed far earlier than an original fall target date.

Japan also plans to reinforce its missile defenses and is considering buying either THAAD or building a ground-based version of the Aegis system deployed on warships.

Beefed-up missile defense is among economic and military options being weighed in a White House review of policy toward nuclear-armed North Korea expected to be completed in coming weeks, the official said, speaking on condition of anonymity.

Japanese Prime Minister Shinzo Abe said “strong protests” had been lodged with North Korea, which has carried out a series of nuclear and missile tests in defiance of U.N. resolutions.

“It is an extremely dangerous action,” Abe told parliament.

The missiles were launched from the Tongchang-ri region near North Korea’s border with China, South Korean military spokesman Roh Jae-cheon told a briefing, but said it was too early to say what their relatively low altitude indicated.

U.S. officials, speaking on condition of anonymity, also told Reuters there were no indications so far that North Korea had tested an intercontinental ballistic missile capable of hitting the U.S. mainland.

Shortly before taking office, President Donald Trump tweeted “It won’t happen!” in January after North Korean leader Kim Jong Un said the North was close to testing an ICBM.

“We deplore the continued violation of Security Council resolutions by the Democratic People’s Republic of Korea, including the most recent launches of ballistic missiles. The DPRK leadership should refrain from further provocations and return to full compliance with its international obligations,” U.N. spokesman Farhan Haq said on Monday.

Chinese Foreign Ministry spokesman Geng Shuang told a daily news briefing that China, which is holding its annual meeting of the National People’s Congress, had noted North Korea’s action.

“All sides should exercise restraint and not do anything to irritate each other to worsen regional tensions,” Geng said, referring to both the missile launches and U.S.-South Korean military exercises.

JOINT DRILLS

North Korea had threatened to take “strong retaliatory measures” after South Korea and the United States began annual joint military drills on Wednesday that test their defensive readiness against possible aggression from the North.

North Korea criticizes the drills and has previously conducted missile launches to coincide with them.

In a letter to the U.N. Security Council on Monday, North Korea’s U.N. Ambassador Ja Song Nam warned that “the situation on the Korean Peninsula is again inching to the brink of a nuclear war” due to the military drills.

Ja again requested that the Security Council meet to discuss the drills. Previous such requests have gone unanswered by the Security Council. The letter did not mention North Korea’s missile launches on Monday.

Last year, North Korea fired a long-range rocket from Tongchang-ri that put an object into orbit. The United Nations condemned that launch for violating resolutions banning the use of ballistic missile technology.

North Korea test-fired a new type of missile into the sea last month and has said it would continue to launch new strategic weapons.

Trump’s national security team is reviewing a wide range of options to counter the missile threat. But an administration official played down the prospects for any direct military action, such as pre-emptive missile strikes on North Korean launch sites or reintroducing nuclear weapons to South Korea, as highlighted in recent news reports.

Instead, the focus is expected to be on imposing new sanctions on North Korea and pressing China to do more to rein in Pyongyang, the official said. Previous administrations have made similar efforts but have failed to curb North Korea’s nuclear and missile advances.

The United States withdrew nuclear weapons from South Korea in 1991 before the rival Koreas signed a declaration on denuclearization of the peninsula. North Korea walked away from the agreement, citing the threat of invasion by the United States.

North Korea conducted its fifth and most powerful nuclear test last September. State media said after that test Pyongyang had used a nuclear warhead small enough to mount on a ballistic missile.

(Additional reporting by Christine Kim and James Pearson in Seoul, Tim Kelly in Tokyo, Ben Blanchard in Beijing, Phil Stewart, David Brunnstrom and Matt Spetalnick in Washington and Michelle Nichols at the United Nations; Writing by Jack Kim; Editing by James Dalgleish)

Strong earthquake hits Japan, no tsunami warning

A woman reacts at a health and welfare center acting as an evacuation center after an earthquake in Mashiki town, Kumamoto prefecture, southern Japan

TOKYO (Reuters) – An earthquake with a magnitude of 6.3 hit eastern Japan on Wednesday, the Japan Meteorological Agency said, adding no tsunami warning was issued.

There were no immediate reports of damage or injuries but the quake, which occurred at around 09:38 p.m. (1238 GMT), shook buildings in the capital, Tokyo.

Tokyo Electric Power Co Inc said there were no irregularities at its Fukushima Daiichi nuclear plant, where one of the world’s worst nuclear accidents unfolded after a March 2011 earthquake and tsunami.

The 2011 quake of magnitude 9 was the strongest ever recorded in Japan, and it generated a tsunami that knocked out the cooling function at the Fukushima plant.

The Ministry of Economy, Trade and Industry said no nuclear facilities in Japan were showing signs of abnormalities following Wednesday’s quake and no power outages were reported.

(Reporting by Kiyoshi Takenaka, Makiko Yamazaki; Editing by Robert Birsel and John Stonestreet)

Knife attacker in Japan kills 19 in their sleep at disabled center

Police seen in front of disability center where mass stabbing took place

By Elaine Lies and Kwiyeon Ha

SAGAMIHARA, Japan (Reuters) – A knife-wielding man broke into a facility for the disabled in a small town near Tokyo early on Tuesday and killed 19 patients as they slept, authorities said, Japan’s worst mass killing since World War Two.

At least 25 other residents were wounded in the attack at the Tsukui Yamayuri-En facility for mentally and physically disabled in Sagamihara town, about 25 miles (40 km) southwest of Tokyo.

“This is a very heart-wrenching and shocking incident in which many innocent people became victims,” Chief Cabinet Secretary Yoshihide Suga told a regular news conference in Tokyo.

Prime Minister Shinzo Abe later told a gathering in Tokyo: “The lives of many innocent people were taken away and I am greatly shocked. We will make every effort to discover the facts and prevent a reoccurance.”

The suspect was a 26-year-old former employee of the facility who gave himself up to police. The man, Satoshi Uematsu, said in letters he wrote in February that he could “obliterate 470 disabled people”, Kyodo news agency reported.

He said he would kill 260 severely disabled people at two areas in the facility during a night shift, and would not hurt employees.

“My goal is a world in which the severely disabled can be euthanized, with their guardians’ consent, if they are unable to live at home and be active in society,” Uematsu wrote in the two letters given to the speaker of the lower house of parliament, Kyodo reported.

Uematsu was committed to hospital after he expressed a “willingness to kill severely disabled people”, an official in Sagamihara told Reuters. He was freed on March 2 after a doctor deemed he had improved, the official said.

Uematsu lived near the facility, and a neighbor described him as a polite, young man who always greeted him with a smile.

“It would be easier to understand if there had been a warning but there were no signs,” said Akihiro Hasegawa, 73. “We didn’t know the darkness of his heart.”

The suspect apparently began changing about five months ago, said Yuji Kuroiwa, the governor of Kanagawa prefecture, where the facility is located.

“You could say there were warning signs, but it’s difficult to say if this could have been prevented,” he told reporters.

“This was not an impulsive crime … He went in the dark of the night, opened one door at a time, and stabbed sleeping people one by one,” Kuroiwa said. “I just can’t believe the cruelty of this crime. We need to prevent this from ever happening again.”

Staff at the facility called police at 2.30 a.m. local time (1730 GMT Monday) with reports of a man armed with a knife on the grounds, media reports said. The man wore a black T-shirt and trousers, the reports said.

The 3-hectare (7.6 acre) facility was established by the local government. Surrounded by tree-covered mountains and on the banks of the Sagami River, it cares for people with a wide range of disabilities.

The facility’s website said the center had a maximum capacity of 160 people, including staff.

“IT MAKES YOU WEEP”

Japan has one of the lowest crime rates in the world and residents of Sagamihara said they were in shock. The last murder in the area was 10 years ago.

“This is a peaceful, quiet town so I never thought such an incident would happen here,” said Oshikazu Shimo, one of many residents of the town who gathered near the facility.

Taxi driver Susumu Fujimura said of the attacker: “He said ‘we should get rid of disabled people’ but he’s the worthless one.”

“That kind of person can’t defend themselves,” Fujimura said, referring to the victims. “That’s why so many died. It makes you weep to think of somebody just murdering them.”

The dead ranged in age from 19 to 70 and included nine males and 10 females, Kyodo said.

Police had recovered a bag with several knives, at least one stained with blood, a Kanagawa prefecture official said.

At least 29 emergency squads responded to the attack, Kyodo reported, with those wounded taken to at least six hospitals in the western Tokyo area.

Such mass killings are extremely rare in Japan and typically involve stabbings. Japan has strict gun laws and possession of firearms by the public is rare.

Eight children were stabbed to death at their school in Osaka by a former janitor in 2001. Seven people died in 2008 when a man drove a truck into a crowd and began stabbing people in Tokyo’s popular electronics and “anime” district of Akihabara.

A revision to Japan’s Swords and Firearms Control Law was introduced in 2009 in the wake of that attack, banning the possession of double-edged knives and further tightening gun-ownership rules.

Members of a doomsday cult killed 12 people and made thousands ill in 1995 in simultaneous attacks with sarin nerve gas on five Tokyo rush-hour subway trains.

(Additional reporting by Kaori Kaneko, Minami Funakoshi, Linda Sieg, Chang-Ran Kim, Olivier Fabre and William Mallard in TOKYO, Eric Beech in WASHINGTON and Jon Herskovitz in AUSTIN; Writing by Raju Gopalakrishnan; Editing by Sandra Maler, Grant McCool and Paul Tait)

Yen falls vs dollar for second day to near two-week low

Japanese Yen Notes

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – The yen slid to a nearly two-week low against the dollar on Tuesday as risk appetite improved for a second straight session, undermining traditional safe havens such as the Japanese currency.

Repeated verbal warnings from Japan over the weekend and on Tuesday saying it was prepared to step in to weaken the currency has also held off investors seeking to buy the yen at the expense of the dollar. The greenback has struggled recently as the Federal Reserve is on track to raise U.S. interest rates gradually.

“Risk appetite is naturally tied to the belief that we’re in an ultra-low-yield environment and investment managers can’t simply sit here,” said Jeremy Cook, chief economist at payments company World First in London.

“We have to see a move any time we see the slightest bit of positivity, by grabbing yield in emerging markets currencies, for instance.”

Global stock markets were on the upswing overall led by European and Wall Street shares, adding to the positive risk sentiment. [MKTS/GLOB]

In late morning trading, the dollar rose 0.7 percent to 109.11 yen, after hitting a roughly two-week peak of 109.27 <JPY=>. The U.S. currency tumbled to an 18-month low of 105.55 yen last week after the Bank of Japan stood pat on monetary policy.

Finance Minister Taro Aso said on Monday Tokyo was ready to intervene to weaken the currency if moves were volatile enough to hurt the country’s trade and economy. He reiterated that message on Tuesday.

A key economic adviser to Prime Minister Shinzo Abe, Koichi Hamada, also said on Tuesday Japan would intervene in currency markets if the yen rose to between 90 and 95 per dollar.

“There’s definitely the possibility of intervention,” said World First’s Cook. “But I don’t think this will turn the market around. It will be more of a stop-gap measure.”

He added that the only thing that could reverse the yen’s recent strength is fiscal and monetary policy action and any change could happen as early as June.

Meanwhile, speculators were cutting favorable bets on the yen, having piled into the currency in the past few weeks. [IMM/FX]

In other currencies, the euro rose 0.8 percent to a near two-week high of 124.38 yen <EURJPY=>, pulling away from a three-year trough of 121.48 plumbed late last week.

The euro was flat against the dollar at $1.1388 <EUR=>. The dollar index <.DXY> was at 94.171, having hit its highest in nearly two weeks earlier and extending its rise from a 15-month trough struck on May 3.

(Reporting by Gertrude Chavez-Dreyfuss in New York; Additional reporting by Anirban Nag in London; Editing by James Dalgleish)

Major Earthquake Strikes Off Northern Japan

A major earthquake shook northern Japan on Saturday.

The magnitude 6.3 quake struck around 12:35 p.m. local time under the ocean about 400 miles north northeast of Tokyo.  The quake was 8.4 miles underground and did not produce a tsunami.

Because of the location of the quake, only a small amount of damage and minor injuries were reported.

Meanwhile, Japan’s nuclear regulatory commission said that the tsunami in 2011 was the cause of the damage and meltdown of the Fukushima nuclear power plant.  The massive earthquake did not cause enough damage to launch the plant into a meltdown.

The plant also announced last week they had made improvements that would now require an 89 foot wave to cause damage.

Eleven Dead In Japan’s Worst Snowfall In Decades

The worst snowfall to hit Tokyo in decades caused major disruptions to power, thousands of injuries and at least 11 deaths.

Japan’s Meteorological Agency said over 10.6 inches of snow fell by late Saturday, the most to fall on the city in 45 years.  Commuters on Monday morning found that most roads had not been plowed and many areas outside the downtown area were impassable from blowing snow.

Flights at Tokyo’s Haneda International Airport were cancelled or backed up with remaining flights overbooked with people attempting to leave.  Officials said at least 5,000 people were stuck at the airport.

Power was out for over 20,000 households.

Officials say 11 people died from car accidents or falls.  At least one man was reported in critical condition after falling after he slipped while shoveling snow.  Officials did not say how many of the 1,000 reported injuries required a hospital stay.

In the northern part of the country, the city of Sendai which had been partially devastated by the 2011 tsunami recorded almost 14 inches of snow, the highest level in 78 years.