Saturday, 12 March 2011

Earthquake in Japan 2

Fukushima Power Plant had been reported to have a leak which is now decreasing. Two shakes coming one after another during recent two days had damaged the concrete building of the plant but not it's metal cover, says the authorities. Just in case 20 km zone of evacuation had been created.

The death toll is rising. For now at least 649 people had been killed by the tsunami and the quakes. The water supplies and energy situation on the Japan islands is critical, help however will soon arrive from the world.

Japan quake technology is legendary efficient, but this time it was the tsunami which caused the biggest losses.
State preparations started after the quake in 1923 which was so far the most disastrous with losses and casualties. Since then the quake conscioussness among civilians had risen, the authorities had imposed a lot of solutions including the quake training simulation which every citizen has to go through on 1st September every year.

Since 1981 new building technology makes every skyscraper and building a must have special foundations which amortise the quake up till the magnitude of 9, theoretically. This technology has proved itself very efficient and really helps during such disasters.

It seems however that the only thing which actually saves from the tsunami are high altitude natural sea banks, like on the Korean penninsula, which won't protect the fish industry or boats, but will protect vast spaces of land.

Japanese people help eachother before the rescue teams arrive, a neighbour helps a neighbour with whatever possible.

It is not safe to come back to the buildings even if they seem not to be damaged. Secondary quakes will for sure weaken their cracked structures more.

Japanese economy suffered losses which noone dares to measure yet. Nikkei went down rapidly, same for the exchange rate of yen, but Japanese economy, an export based power, will eventually drag itself from the disaster.


On the side: how come the Kaddafi mess causes oil index skyrocketing and Japanese disaster which may actually harm a lot of platforms and tank ships in Pacific region is causing oil price index down?
The logic of investors is black magic for me. Or may be there is no logic, just a group panic instinct?

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