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ASSOCIATE SPONSORS
Toyota Motor Corp President Akio Toyoda said on Friday that the devastating earthquake and tsunami in northeast Japan would hurt the company's earnings, but said that was not on his list of priorities.
The yen surged to a record high against the dollar on expectations that Japanese insurers would need to repatriate the currency in the wake of the devastating earthquake and tsunami that killed thousands in northeast Japan.
A new aftershock of 6.0 magnitude has rattled northeast Japan.
Japan's benchmark Nikkei stock average and the broader Topix index rebounded on Wednesday after two days of heavy losses spurred by a devastating earthquake and tsunami in northeast Japan and the nuclear safety crisis that followed.
The Daiichi nuclear power plant in Fukushima is built on the shoreline in northeast Japan. So when an 8.9 magnitude earth quake struck on Friday, the tsunami waves it spawned -- as tall as a house and speeding like a jet plane -- washed right over the reactors and put them at risk of a meltdown.
The earthquake that devastated northeast Japan displaced the country's main island by 2.4 metres and even tilted the axis of the Earth by nearly 10 centimetres. The shock sounds awesome but it was imperceptible. History suggests the same will be true of the economic impact.
A massive 8.9 magnitude quake hit northeast Japan on Friday, triggering a 10-metre tsunami that swept away everything in its path, including houses, cars, farm buildings on fire and boats, media and witnesses said.
