Quote from InvestVision:
Powerful earthquake shakes Japa
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<< is this causing oil drop , $1 down.????>>>
The magnitude 8.9 temblor struck at 2:46 p.m. local time and was centered near the east coast of Honshu, about 231 miles northeast of Tokyo, according a revised reading put out by the U.S. Geological Survey.
The quake was the strongest recorded on the Japanâs earthquake scale since 1995, according NHK.
A tsunami warning was issued for Japan, Russia, and the Mariana Islands, the Pacific Tsunami Warning Center said`
The agency also put the territories of Guam, Taiwan, the Philippines, the Marshall Islands, Indonesia, Papua New Guinea, Nauru, Micronesia and Hawaii under a lower tsunami watch.
The agency said areas along the Japanâs coastline near the epicenter may been affected by a destructive tsunami.
Japanâs Nikkei Stock Average (JP:NI225 10,254, -179.95, -1.73%) _fell after news of the earthquake circulated, ending 1.7% lower.
The Japanese yen also lost ground, with the U.S. dollar (USDYEN 83.1700, +0.3000, +0.3618%) _coming off the dayâs low at 82.75 yen; the greenback was buying 83.20 yen, compared with 82.92 yen the previous day.