Japan Grapples with Ongoing Nuclear Crisis
This is a transcript of top stories presented by China's CCTV Business Channel as produced by CNBC Asia Pacific.
Good evening, I'm Chloe Cho and you're watching "Asia Market Daily".
An apparent win for Libyan rebels, who have reportedly seized control of Gaddafi's hometown of Sirte.
Despite today's small victory, experts warn coalition forces need to quickly set out clear goals for their intervention.
Kurt Volker, former U.S. Ambassador to NATO says while the West should support the rebels, it should not intervene directly.
He added the main aim for allied forces must be the removal of Gaddafi.
(SOT) Kurt Volker, former U.S. Ambassador to NATO:
The no-fly zone that's in place now is a good step, and I'm glad NATO has taken on this role, but I also don't think it's a sufficient step. But I think we need now be actively helping the Rebels to remove Gaddafi. A situation where he remains in power after this is going to be a disaster for his own people who've fought against him, as well as for the region & ourselves.
Elsewhere, officials in Japan just can't seem to make much headway in the nuclear stalemate. While the country wrestles with the worst nuclear disaster since Chernobyl, another earthquake rattled the country.
CNBC's Allison Browne reports.
Monday morning, a 6.5 magnitude tremor shook Japan. And then came a tsunami warning - but this one, paling in comparison to the March 11th disaster. Still at the center of world focus - the Fukushima nuclear plant - and the race against time there. Inside the plant - reactor 2 the chief troublemaker, as engineers try to figure out what to do with water containing radiation.
(SOT) Yukio Edano, Chief Cabinet Secretary of Japan:
I have communicated this with the TEPCO personnel and also we talked about the back up personnel and make sure such mistake will not be made again.
Edano also called an earlier TEPCO reading over the weekend - showing radiation levels 10-million times the normal limit - which turned out to be false - unacceptable.
Authorities now say iodine levels are more than 1100 times normal in seawater near the plant and urged continued evacuations.
Meanwhile, elsewhere in the disaster zone, new glimpses of the massive destruction, and the very long road to reconstruction. Route 45 - one time a scenic coastal road - now an eerie cemetery of empty cars and blown apart homes. Some visitors stunned.
(SOT) Misato Chiba, Japan tourist:
There aren't the towns that were once here. It's terrible. It's tough to see. Route 45 is all ripped up now the towns are a mess and it is just dangerous.
In Tokyo, the concern remains on radiation, as well as food contamination. Protests Sunday, where hundreds took part in an anti-nuclear march.
(SOT) Toshihiro Inoue, anti-nuclear protestor, Tokyo:
Since the accident happened, due to the Fukushima incident, people are thinking about how there is no need for nuclear power, and we hope to emphasize this through our protest.
The uncertainty causing investors to worry that it's taking just a little too long to get things under control. 30 minutes into trading, the Nikkei slipped more than 60 points to 9400.
Japan's Finance Minister - despite pleas to ramp up spending for the reconstruction - instead urging the country to maintain fiscal discipline until the situation plays out. Allison Browne, for CNBC.
That wraps up today's bulletin.
I'm Chloe Cho from CNBC, thanks for watching "Asia Market Daily".
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