Japan Earthquake Hits Of Coast, No Tsunami Threat
An earthquake was just reported off Honshu, Japan near the Fukushima region. The trembles were felt in Tokyo also which causes reason for worry regarding how well the infrastructure in Japan has been rebuilt since Fukushima's reactors melted and subsequently leaked into the ocean. Initial reactions are muted as iShares MSCI Japan Index Fund ETF (NYSE: EWJ) is unchanged following the news.
Initial reports are mix on the magnitude as Japan has a very different Meteorological Agency Seismic Intensity Scale than we have here in the US (called the Richter Scale). The most trustworthy reading being reported is 5.4 coming from @ShingetsuNews:
Fukushima quake apparently only a 5.4 Magnitude, but never before heard telephone emergency system woke me up.
— SNA Japan (@ShingetsuNews) July 11, 2014
NOAA has also issued a text release stating there is no threat of a Tsunami. Locals are surely to remain on high alert.
Excerpt of text (emphasis Benzinga)
BASED ON ALL AVAILABLE DATA A DESTRUCTIVE PACIFIC-WIDE TSUNAMI IS NOT EXPECTED AND THERE IS NO TSUNAMI THREAT TO HAWAII. REPEAT. A DESTRUCTIVE PACIFIC-WIDE TSUNAMI IS NOT EXPECTED AND THERE IS NO TSUNAMI THREAT TO HAWAII.
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