Japan’s Economy Shrinks Again

The plans of Japan’s government for a quick financial recovery took another blow yesterday when they announced the third straight quarter of economic contraction.

The economy shrank .1% in the fourth quarter of the year. Analysts had been predicting a small rise in the economy after dipping into recession after the third quarter. The drop has been attributed to a drop in key market exports. Continue reading

Major Quake In Japan Causes Tsunami

A major earthquake rocked Japan Friday shaking buildings in Tokyo and causing a small tsunami to hit one of the areas devastated in the March 2011 tsunami that killed thousands.

The 7.3 quake struck approximately 287 miles off the coast at a depth of 22 miles. The quake caused a 3 foot high tsunami that was followed by waves of up to 2 feet. Minor injuries have been reported so far as a result of the quake. Continue reading

Entire Dock Ripped Away In Japan Tsunami Reaches Oregon

A 165 ton dock constructed of concrete, metal and tires ripped away during the 2011 Japan tsunami was washed up over 8,000 miles away on the Oregon coast.

The dock, so large it was initially mistaken for a barge, carries a plaque stating it was part of the port of Misawa. Waves from the tsunami reached at least nine feet in Misawa.

Two other docks from the same port are missing at sea. Continue reading

Tokyo Stock Market Hits 28 Year Low

Fears of a euro-zone collapse, an economic relapse in the United States and a slowdown in China combined to drive the Tokyo Stock Market to it’s lowest level in 28 years.

The FTSE CNBC Asia 100 Index fell over 111 points, a drop of 2.1 percent. The index measures markets across Asia. The individual Topix index hit a 28 year low as investors rushed to sell after U.S. jobs data disappointed analysts.  Continue reading