By Randy Economy
Image via Wikipediawww.Economy4ABC.Blogspot.com
March 14, 2011
11:03 p.m. PST
Sendai, Japan --
Japanese Prime Minister Naoto Kan said just a few minutes ago that the risk of further releases of radioactive material remains "very high."
This is awful.
Radiation levels at the Fukushima Daiichi nuclear power plant have increased to "levels that can impact human health," and anyone within a 30-kilometer radius of the plant should remain indoors, Chief Cabinet Secretary Yukio Edano said soon after Kan spoke.
Some news sources are reporting that "radio active" levels are now being measured in Tokyo some 250 miles away.
The Prime Minister is telling everyone to "stay indoors." Four reactors have failed.
CNN is reporting all of the LIVE BREAKING NEWS RIGHT NOW. BBC ALSO HAS TERRIFIC AROUND THE CLOCK COVERAGE!
Horrific and scary at the same time. I went to church tonight to Pray for the People of Japan.
Iodine pills are being distributed in Japan. So far more than 11,000 people are feared dead from the Great Japan Quake that has now been upgraded to a 9.0!
Image via Wikipedia
Image via Wikipediawww.Economy4ABC.Blogspot.comMarch 14, 2011
11:03 p.m. PST
Sendai, Japan --
Japanese Prime Minister Naoto Kan said just a few minutes ago that the risk of further releases of radioactive material remains "very high."
This is awful.
Radiation levels at the Fukushima Daiichi nuclear power plant have increased to "levels that can impact human health," and anyone within a 30-kilometer radius of the plant should remain indoors, Chief Cabinet Secretary Yukio Edano said soon after Kan spoke.
Some news sources are reporting that "radio active" levels are now being measured in Tokyo some 250 miles away.
The Prime Minister is telling everyone to "stay indoors." Four reactors have failed.
CNN is reporting all of the LIVE BREAKING NEWS RIGHT NOW. BBC ALSO HAS TERRIFIC AROUND THE CLOCK COVERAGE!
Horrific and scary at the same time. I went to church tonight to Pray for the People of Japan.
Iodine pills are being distributed in Japan. So far more than 11,000 people are feared dead from the Great Japan Quake that has now been upgraded to a 9.0!
Image via Wikipedia
8 comments:
I don't know what to say. It is bound to happen. We cannot castigate the Japanese government for this since they are also victims here. What they are at fault maybe is with the creation of these plants. They should not have existed in the first place. let us pray for Japan and its people that they recover from this catastrophic event.
BOJ has already expanded their QE program from 5 to 10 Trillion Yen (120billion), to have the scale of QE 2 in the US, they need to implement the full size 30 Trillion Yen. As the government already indebted up to 200% of GDP, they are treading a fine line going forward. Japanese corporate, government and individuals own up to 850 billion worth US Treasuries. If they need to dip into their savings for reconstruction. Keep an eye for the yield curve on US debts.
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