TOKYO, Sept 16- An earthquake with preliminary magnitude of 5.6 shook buildings in eastern Japan, including the capital Tokyo, on Tuesday but there were no reports of serious damage. The earthquake was centred in Ibaraki Prefecture, just northeast of Tokyo, Japan's Meteorological Agency said.» Read More
According to the Fannie Mae 30-Yr MBS, mortgage rates are lower by about 5 basis points, thanks to the rally in US Treasurys which produced a drop in yields.
As damage estimates rise in Japan, investors are reassessing their initial bullish views on the yen.
The key technology in a nuclear reactor is the control rods. Think of these as the fingers in the dike. They control the amount of neutrons (nuclear fuel generates neutrons) that is allowed to heat the water (steam) which then generates electricity. The control rods slide in and out of the fuel mass to regulate neutron emission.
Japan’s economy will overcome the aftermath of the earthquake and will rebound longer-term, said Steven Bernsetein, CEO of Oppenheimer Investments Asia.
The toll in human misery wrought by the tsunami and earthquakes in Japan test the imagination of economists but the effects on Japan’s GDP and wealth are a different matter.
Amid all the bad news coming out of Japan and the earthquake/tsunami devastation, it's the impact on Toyota's Prius production that is very intriguing.
While the world has fallen out of love with the Japanese economy in recent years it remains an economic powerhouse and important to the global economy, Sean Corrigan, chief investment strategist at Diapason Commodities Management, said Monday.
Japan's Nikkei average tumbled over 5 percent at one point on Monday as investors shifted to safer assets following after Friday's massive earthquake and tsunami, with the long-term impact uncertain as nuclear disaster looms.
Japan faces earthquake aftermath and nuclear emergency, Gaddafi wins gains against rebels, and the Rajaratnam trial continues.
Japanese investment bank Nomura is predicting the 9.0-magnitude earthquake that occurred off the northeastern coast of Japan on Friday will hit Japanese growth in the second quarter and predicts reconstruction efforts will not boost growth as much as some are predicting in the second half of 2011.
The unfolding crisis at the two reactors, both at the Fukushima Daiichi Nuclear Power Station, feeds into a resurgence of doubts about nuclear energy’s safety — even as it has gained credence as a source of clean energy, the New York Times reports.
A partial meltdown was likely under way at a second nuclear reactor, a top Japanese official said Sunday, as authorities frantically tried to prevent a similar threat from nearby unit following a catastrophic earthquake and tsunami.
The central problem in assessing the degree of danger is that the amounts of various radioactive releases into the environment are now unknown, the New York Times reports.
Fishermen who had escaped to sea before the tsunami hit this struggling coastal town landed small loads of crab on Saturday, while crews surveyed damage and a family combed the beach for any sign of a man who was swept away a day ago as he photographed the waves.
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.