Kazutaka Kikawada ran track and field at Fukushima’s Yamafunyu Elementary School before becoming the local boy made good, attending the elite University of Tokyo and carving out a career that made him president of Tokyo Electric Power Co.
Apple Inc. and Toyota Motor Corp. are facing the worst supply disruptions since the March earthquake that crippled Japan, leading investors to scramble assessing the financial toll of the floods in Thailand.
Japanese stocks fell, extending losses for the week on the Nikkei 225 Stock Average, as European leaders mulled a $1.3 trillion bailout fund ahead of a summit on the region’s debt crisis this weekend.
Japan will sell about 800 billion yen ($10.4 billion) of additional government debt to the market this fiscal year to fund earthquake reconstruction and help companies cope with a strong yen, the Ministry of Finance said.
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