SEARCH

Entries in Japan Earthquake (4)

Sunday
May272012

Harley-Davidson Sets Up Japan Tsunami Memorial

Sankei/Getty Images(MILWAUKEE) -- More than a year after the Japanese Tsunami, a 2004 Softail Night Train Harley-Davidson bike washed ashore on British Columbia’s Graham Island.

When the bike was found in an insulated cargo container 4,000 miles from where it came from, authorities were able to trace the bike back to its owner from the Japanese license plate.

The owner, Ikuo Yokoyuma, 29, lost his home and three relatives in the tsunami. Harley-Davison offered to restore the bike and return it to Yokoyuma, but the owner asked that the bike instead be preserved as found and displayed in the Harley-Davison museum.

"It is truly amazing that my Harley-Davidson motorcycle was recovered in Canada after drifting for more than a year," said Yokoyama. "I would like to take this opportunity to express my heartfelt appreciation to Peter Mark, the finder of my motorcycle.”

Bill Davidson, the Vice President of the Harley-Davidson Museum, said “the Harley-Davidson Museum is honoured to receive this amazing motorcycle to ensure that its condition is preserved and can be displayed as a memorial to the Japan tsunami tragedy.”

Copyright 2012 ABC News Radio

Sunday
Aug142011

Radiation Found in Japan’s Mushrooms 

Paul Katz/Photodisc/Thinkstock(TOKYO) – Mushrooms are the latest foods to be threatened by radiation from Tokyo Electric Power Co.’s Fukushima Dai-Ichi nuclear plant.

Bloomberg News reports that nameko mushrooms, harvested in the open air in Soma—a city about 25 miles north of the plant damaged in the March 11 earthquake and tsunami—contained nine times the legal limit of cesium, the local government reported Friday .

Spot checks are being conducted on a range of products, according to authorities in Fukushima. Harmful radiation was found in produce, tea, milk, fish and beef sourced over 220 miles from the nuclear plant.

Since March’s natural disaster, Japan has been having difficulty inspecting food as the country has no centralized system for detecting radiation contamination.

Copyright 2011 ABC News Radio

Friday
Jun102011

Toyota Announces Profit Forecast for 2012

PRNewsFoto/Toyota Media Relations(TOKYO) -- On Friday, Japanese carmaker Toyota announced that it expected lower profits for the upcoming fiscal year ending in March 2012.

In a statement, the company forecast a 31 percent drop in annual profits from last year’s $5 billion to a projected $3.5 billion. They attributed the anticipated drop to the March earthquake in Japan which slowed production and the strength of the yen.

The company stated that they expect the emerging economies specifically China and India, to continue expanding while the developed economies like the United States and Europe will continue their recovery at a moderate pace.

“The Japanese economy is expected to pick up gradually as well, backed by recovering economies overseas and the various effects of government policies. However, the damage by the Great East Japan Earthquake was widespread and serious, and will continue to significantly affect the Japanese economy, and the momentum of Japan’s economic recovery will weaken for the time being,” said the company.

Copyright 2011 ABC News Radio

Saturday
Apr302011

Berkshire Hathaway Expects Decline in First-Quarter Profits

Jemal Countess/Getty Images for Time Inc.(OMAHA, Neb.) -- In his address at the Berkshire Hathaway Annual Shareholders meeting on Saturday, investor and philanthropist Warren Buffett is expected to inform shareholders that the company’s estimated 2011 first-quarter profits have decreased significantly when compared to profits from the previous year.

According to a press release from the company, Berkshire Hathaway expects to report about $1.5 billion in net earnings for the first three months of 2011, down from the $3.6 billion posted for the same period in 2010. One factor which led to the decline in expected profits is an estimated $1.07 billion in losses incurred as a result of the Japan earthquake in March. Buffet, who is the chairman and Chief Executive Officer of Berkshire Hathaway, is also expected to inform shareholders about significant losses caused by an earthquake in New Zealand and flooding in Australia earlier in the year.

Copyright 2011 ABC News Radio







ABC News Radio