Monday, 14th March 2011
In General Japan News,
Japan braced for earthquake aftershocks
The knock-on effects of the Sendai earthquake continued today (March 14th), as Japan readies itself for a major aftershock, which could measure up to 7.0 on the Richter scale.
The Japan Meteorological Agency up-rated Friday's earthquake to 9.0 on the Richter scale yesterday, meaning that it was twice as powerful as initially thought.
Furthermore, they estimate that there is a 70 per cent chance of a 7.0 magnitude aftershock occurring within the next two days.
As a result, British tourists have been advised by the Foreign and Commonwealth Office (FCO) to avoid all non-essential travel to Tokyo or the north-east of Japan.
The earthquake and resultant tsunami is estimated to have caused insured damage in excess of £22 billion.
To stabilise the economy, an emergency meeting of the Bank of Japan has voted to immediately inject 15 trillion yen (£114 billion) into the banking system, while a further 6.8 trillion yen (£45.4 billion) will be made available in the next two days.
Written by Susan Ballion