We have the last week been in contact with several of our CrossLoop Experts in Japan.The earthquakes, the tsunami and the radiation is affecting them in various degrees.
One of our CrossLoop experts, Masaji Ando, who is living in Fukusima has reported about very terrible conditions and little water, disconnected electricity and no gas. In addition severe problems with their Nuclear power plant. " Our prefecture has a Nuclear Power Plant that will be as bad as the Thee Miles."
Richard Downey in Nagoya reports: ”I’m doing alright over here in Japan. The area I’m in was not affected, though I did feel the earthquake, a few things in the house were shaking, and a few things fell! There was another earthquake in the Nagano area, fairly strong at 7 less than 10 hours ago, but again didn’t affect those of us near Nagoya. Rescue workers are hard at work, people are being rescued which is a good sign, sadly though more bodies have also been recovered, and it’s going to be an ongoing process and a lot of clean up!” Some days later he confirmed what media is telling us: "Death toll has been upgraded, over 1900 now, and the seriousness of nuclear reactor is big. On top of that another quake is expected at any moment, small tremor's may also trigger further tsunami's as well. I'm located in Suzuka City, which is in Mie prefecture. We are about 1 km away from the coast!"
Joe Wein, one of our CrossLoop engineer in Tokyo, explains the situation this way: "The country is at the edge of panic. People are hoarding food and fuel. Many shops are sold our or closed. Most gas stations are closed, stations that still have fuel have half mile queues. Because of massive damage at several nuclear power stations by the tsunami, the regional power utility is introducing rolling blackouts, with different parts of Tokyo and the country without power for about 3 hours at a time. For example, where I live they'll shut off power from 9:20-13:00 local time (0:20 - 4:00 UTC).
An increasing number of Foreign Ministers explicitly encourage their residents to leave Japan.
CrossLoop Experts taking up the advice of evacuating, reports about airports being filled up and explaining that people are sleeping on chairs and benches. There are people all over the terminal building, many Chinese waiting for standby flights to get out. Many train lines don't run because of the power cuts. One CrossLoop Expert at Narita airport was adviced by a good friend to go to the airport the night before. Now he's waiting with his family 12 more hours until departure.
But 124 million will still be left in Japan...
In the rest of the world the earthquake and tsunami in Japan has sent a massive global after-quake wave impacting almost every industry; including commodities, the auto industry and the electronic industry. The stock market has seen the worst drop since the great depression.