News Column

Kyodo news summary -1-

July 4, 2014



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Banking group drafts guidelines for online theft compensation

TOKYO - Japan's top banking industry group has drafted new guidelines on how banks should compensate companies, especially small and midsize ones, for damage from online money theft, sources familiar with the matter said Saturday.

The draft guidelines, scheduled to be released after being formally approved by the Japanese Bankers Association on July 17, stipulate that banks will consider paying compensation if companies that suffer from online theft took necessary countermeasures, they said.

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M5.8 quake hits northeastern Japan, no tsunami warning issued

TOKYO - An earthquake with a preliminary magnitude of 5.8 struck northeastern Japan centering on Iwate Prefecture on Saturday morning, but no tsunami alert was issued, the Japan Meteorological Agency said.

The 7:42 a.m. quake, which originated off Iwate at a depth of about 50 kilometers, registered an intensity of lower 5 on the Japanese seismic scale of 7 in the city of Miyako, it said.

The quake had smaller impacts in other parts of Iwate and neighboring prefectures, according to the agency.

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Las Vegas woman wins N.Y. hot dog eating title

NEW YORK - Miki Sudo of Las Vegas won the women's division of New York's annual Independence Day hot dog eating competition Friday after gobbling 34 franks and buns in the designated 10 minutes.

A New York native who used to live in Tokyo in her childhood, Sudo, 28, said she is very happy to win the title but added that weather conditions got in the way of her goal of eating more than 50.

In the men's division, Joey Chestnut, 30, devoured 61 hot dogs in 10 minutes to win his eighth consecutive championship.



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Source: Japan Economic Newswire


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