Great Earthquakes in Japan
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13.
Aomori Prefecture, the northernmost prefecture of Honsyu Island, has lost electricity tonight, influencing 900,000 households therein.
Thousands of residents living around a nuclear power plant 200km or so north of Tokyo have been evacuated in case.
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12.
Tonight hundreds of thousands of commuters are forced to stay in Tokyo office districts due to the all-out halt of train services, except part of subways.
Tokyo Prefecture has the population of 13 million.
Miyagi Prefecture has 2.35 million population, most of whom have lost power supply tonight.
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11.
This scale of the earthquake magnitude 8.9 is unheard of at least for 100 years in Japan, which is almost equal to that of the 2004 Great Sumatra Earthquake.
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10.
CNN is talking about the effect of tsunami onto Hawaii and the West Coast of the U.S. as observed here around Tokyo.
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9.
Tokyo Narita Airport is partially under operation.
However, some flights and liners are advised not to land on Narita.
The shinkansen express train service between Tokyo and Osaka is partially active.
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8.
TV stations in Japan are all broadcasting the state of damage by the earthquakes and tsunami, non-stop, since around 2:40 pm in Japan.
The historical natural disaster in the Japanese history today happened, though casualties are not all identified as probably hundreds of them are widely buried.
In terms of infrastructural damage of the highly-industrialized and organized nation Japan, this combination of the greatest earthquakes and wide-range tsunami has really put into the awe and fear one third of the whole Japanese population living around Tokyo and northeast regions of Honsyu Island stretching hundreds of kilometers along the Pacific Ocean.
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7.
This is the largest area disaster that has ever happened in Japan. From Tokyo to Hokkaido on their Pacific coastal areas.
Trains in and around Tokyo are all stopped. Expressways through Tokyo are closed. Hundreds of thousands of households around Tokyo have lost electric power.
Hundreds kilometers north of Tokyo, near the epicenter, more damage has been reported due to big earthquakes and subsequent tsunami. Millions of households have lost electric power. Hundreds of cars and houses were washed away by sea water in northern Honsyu Island, Japan.
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6.
Workers and commuters in Tokyo are advised by the government not to try to return home forcibly as all the train systems are stopped due to the earthquakes.
Nuclear power plants north of Tokyo stopped operation.
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5.
More than 10 people have been killed due to the earthquakes in Iwate Pref., Japan.
The magnitude of the earthquake that first hit the northern Pacific coastal area of Honsyu Island is reportedly the largest ever recorded in Japan.
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4.
Train systems in and around Tokyo have all stopped.
Big earthquakes and tsunami damaged hundreds of kilometers of Pacific Ocean coastal areas of Honsyu Island, Japan, especially north of Tokyo.
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3.
The Sendai Airport, Miyagi Pref., Japan, has been covered by tsunami.
In and around Tokyo, some buildings have been damaged.
This is a large scale disaster in Japan that has not been observed before.
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2.
A large scale disaster has happened around Miyagi Prefecture and other Pacific coastal areas north of Tokyo due to a few big earthquakes that happened around 2:30 pm, JAPAN TIME, in the Pacific Ocean near Honshu Island and caused tsunami.
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1.
Great earthquakes hit Japan two hours ago.
Tokyo has suffered some influences.
PART I: Debt Countries
There is misunderstanding about Japan.
The Japanese financial sector has not been hit hard by the 2008 Financial Crisis.
Japan has been in deflation due to China effect. Labor costs and goods produced in China are so cheap that Japan has been influenced to suffer decrease in wages and commodity prices domestically. It has resulted in deflation and GDP stagnation over 15 years.
The Japanese government has borrowed a huge amount of money from the domestic financial institutions. No foreigners has lent money to Japan. The Japanese Government bonds are purchased and held by domestic investors. The situation in Japan is very different from EU countries.
The map shows each country by gold and foreign currency reserves minus external debt. It is based on 2009 data from the CIA Factbook (click chart for a much larger version in a new tab).
Europe and the US are deep red while emerging economies like China, Brazil and Saudi Arabia are green. I was surprised to see Japan not in the red. But the other developed countries such as Norway, Canada and Australia were orange.
http://www.tradersnarrative.com/global-money-flow-emerging-vs-developed-economies-4677.html
PART II: Net International Investment Position
Japan's external financial assets in percentage of GDP surpasses China's and America's.
It is fairly at a reliable level
The difference between a country's external financial assets and liabilities is the net international investment position (NIIP)
Country... Date...NIIP... NIIP in % GDP
Switzerland... - ... 123,2
Japan... 508 bill. ¥... 44,4
People's Republic of China...... 34,5
Belgium... €151 billion... 39
Germany... €895 billion... 37
United Kingdom... -59 200 mill £... -4,1
Italy ... -12,9
United States... -3 469 246 mill $... -24,3
Ireland...-106 207,0 mill €... -58,4
Greece... -183 944 mill € -75,7
Spain... -881,3 bill €... -81,0
Portugal... -165 195 mill €... -99,3
http://en.wikipedia.org/wiki/Net_international_investment_position
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Mar 3:10 For he had healed many; insomuch that they pressed upon him for to touch him, as many as had plagues.
Mar 3:11 And unclean spirits, when they saw him, fell down before him, and cried, saying, Thou art the Son of God.