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Disaster in Japan

  • 2010 Prius
    Prius Supply Low With Toyota at Half Capacity

    Although Toyota's manufacturing plants in Japan are intact, the automaker has reduced its production facilities both here in the US and in Japan to 50 percent, Bob Carter, head of North American sales for Toyota, told CNBC Tuesday in his first interview since Japan's devastating earthquake .

  • Nissan CEO Carlos Ghosn addresses a press conference at the Shanghai Auto Show.
    Japanese Automakers Try to Recover From Supply Chain Disruptions

    Earnings at Japan's automakers are likely to be hit by the ongoing supply shortage of components. Japanese auto executives attending the motor show in Shanghai, many speaking at length for the first time since the quake, said they have yet to grasp the full impact of the disruptions.

  • A rescue worker stands atop rubble during a body recovery mission March 20, 2011 in Ofunato, Japan. More than a week after the magnitude 9.0 earthquake and tsunami struck Japan, the death toll has risen to over 8,000 with thousands more still missing. Presently the country is struggling to contain a potential nuclear meltdown after a nuclear plant was seriously damaged by the quake.
    Japan Embarks on The Great Clean-Up

    In the wake of the devastating March 11 earthquake, Japan faces one of its greatest ever clear-up jobs. The deadly tsunami that followed the quake turned whole towns along the northeastern coast into tangles of steel, wood, concrete and silt that must be removed before true recovery can begin. The FT reports.

  • BOJ Shirakawa Warns Japan Economic Outlook ‘Very Severe’

    Bank of Japan Governor Masaaki Shirakawa said on Saturday that the country's economic outlook was very severe and that the central bank would take appropriate action to support the economy.

  • Momentum 'Clearly in the Market': Alcatel-Lucent CEO

    The French telecom equipment maker, Alcatel-Lucent, returned to profit at an operating level in its 2011 first quarter , despite disturbances caused by the Japanese earthquake and tsunami in early March.

  • Nuclear Power Plant
    New Nuclear Plant Could Rise in California Farm Fields

    A French company is gambling it can beat the odds and build a nuclear plant in the heart of California's fertile farmland. Areva has partnered with a group of California businessmen and farmers who've formed the Fresno Nuclear Energy Group.

  • Bank of Japan Holds Fire, Unfazed by Recession

    The Bank of Japan kept monetary policy steady on Friday in a sign that a first-quarter economic slump did not change the central bank's view that growth will pick up late this year when the wounds from the devastating earthquake begin to heal.

  • A man and his sister stand before their broken house, destroyed by the tsunami at Rikuzentakata in Iwate prefecture on March 17, 2011.
    CEO Blog: Balancing the Supply Chain After a Disaster: There is No Risk-Free Position

    Following the catastrophic earthquake in Japan on March 11, 2011, affected companies – including my own – have taken a fresh look at the way they manage risk. And for good cause.

  • The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service. The quake created a 10-meter Tsunami that washed away houses, cars and boats. Here are scenes from the devastation.
    Scenes From the Japan Earthquake and Tsunami

    The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service.

  • A factory building has collapsed in Sukagawa city, Fukushima prefecture, in northern Japan. A massive 8.9-magnitude earthquake shook Japan, unleashing a powerful tsunami that sent ships crashing into the shore and carried cars through the streets of coastal towns.
    Japan Quake's Financial Impact: Five Things to Watch

    While commodity and currency markets took the biggest immediate hit from Friday's earthquake and tsunami in Japan, the damage will be felt throughout the world's economy and the US.

  • Vehicles are crushed by a collapsed wall at a carpark in Mito city
    Earthquake Will Increase Japan's Debt Burden: Rating Exec

    The economic impact from the tsumani that slammed into eastern Japan following one of the largest earthquakes ever recorded, 8.9 magnitude, will be felt in the near future, Sean Egan, founder partner and president of Egan-Jones Ratings Company, told CNBC on Friday.

  • Tsunami hits Japan
    History Shows Rebuilding Spurs Economy

    A few years ago, a senior official at Japan’s finance ministry shocked a foreign guest by making a deliberately provocative statement. “What Japan’s economy needs is a really good earthquake,” he said. Now, tragically, his tongue-in-cheek wish has come true, the Financial Times reports.

  • The coal fueled Fiddlers Ferry power station emits vapour into the night sky on November 16, 2009 in Warrington, United Kingdom.
    France Is World's Biggest Nuclear Power Producer

    The world's biggest nuclear power is France, where 58 plants generate 75 percent of the nation's electricity.

  • A pleasure boat sits on top of a building amid a sea of debris in Otsuchi
    US Investors Poured $1 Billion Into Japan Just Before Quake

    Japan's earthquake couldn’t have come at a worse time for US investors, who poured over $1 billion into Japanese exchange-traded funds last month, second only to US energy funds.

  • Rescue workers look over an area flooded by the tsunami in Minamisoma, Fukushima, Japan.
    Rescuers Struggle to Reach Survivors

    Japanese authorities continued to struggle to respond to the aftermath of Friday’s earthquake and tsunami as thousands remained missing and nearly half a million survivors huddled in temporary shelters, the Financial Times reports.

  • Bank of Japan governor Masaaki Shirakawa
    Is a Japanese Banking Crisis Next?

    The exposures of various insurance companies to the economic devastation of the Tsunami may be dominating the financial discussions in the tragedy's wake – but Japanese banks may be at the most risk.

  • Koriyama fire department staff check radiation levels of rescue personnel in Koriyama city in Fukushima prefecture on March 13, 2011.
    Will Japan Crisis Spark Global Markets Correction?

    There is another problem building, and some fear it could lead to a much more widespread crisis in financial assets.

  • Fukishima nuclear reactor explosion.
    Japan's Nuclear Crisis: A Timeline of Key Events

    Japan is struck by the largest recorded earthquake in its history off the coast of the northeastern city of Sendai, putting in motion a series of events that led to a nuclear crisis. The Christian Science Monitor reports.

  • Quake-damaged Fukushima nuclear power plant in Futaba, Fukushima
    Reactor Design in Japan Has Long Been Questioned

    The type of containment vessel used in the stricken reactors in Japan has long been thought susceptible to failure in an emergency. The NYT reports.

  • An employee of Nissan Motor Company works on the assembly line at Nissan's Global Production Engineering Center (GPEC) on May 29, 2007 in Zama, Japan. The GPEC in Zama City is one of several training and development centres established by Nissan in order to train Nissan?s global manufacturing employees to become experts in the 'Nissan Production Way'; improving technology and production efficiency worldwide.
    Japan Supply Chain Risk Reverberates Globally

    With many Japanese factories facing temporary or partial closure, the earthquake has left investors facing an uncomfortable truth: in the modern world, it can be tough to assess how convoluted cross-border linkages really work, in manufacturing as in finance, the Financial Times reports.

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