GLOBAL GOOD GROUP PRESS RELEASE BY:
JOSH BOIS | SENIOR EDITOR & CEO GLOBAL GOOD ENTERPRISES / GLOBALGOODMEDIA.COM
- SOURCES: WALL STREET JOURNAL AND ASSOCIATED PRESS, YAHOO NEWS AND MORE
Full Story is available on the Wall Street Journal at http://on.wsj.com/e9zUwC
Reports on Wall Street Journal and other important international news outlets such as the associated press at: http://apne.ws/hWa6js claim that three people have been confirmed dead from the Quake and major Tsunami that hit Japan off the coast near Tokyo this past friday afternoon.
BREAKING NEWS UPDATE: 2:34 AM PST [ PACIFIC STANDARD TIME ]
NORTHERN CALIFORNIA ( SAN FRANCISCO COASTAL AREAS) area is advised of strong winds and high tides arriving at 8:08 am Friday morning ( 3-11-2011) resulting from the Tsunami and Earthquake in Japan recently. Please be careful GGG Readers from California!
MORE INFO HERE –>
***1:10 PM PST March 11 | “California Safe Now” -Josh Bois
UPDATE! 3:43AM PST [ PACIFIC STANDARD TIME ]
YAHOO BREAKING NEWS CONFIRMS OVER 32 DEATHS! FIND OUT MORE AT http://yhoo.it/hEfiWS
Cars floating in the wake of the earthquake's destruction- CREDIT: WSJ
The quake caused the entire country to go into panic with the levels of distruction and disturbance that this natural disaster brought. It was initially recorded as a 7.9 magnitude earthquake but was later upgraded to a 8.9 which is VERY VERY BIG! According to the Wall Street Journal, this was a 10 meter tsunami that took cars and everything else in its’ path with it.
To make matters worse, Japan is already in quite a bit of debt…. debt so large that it is 200% of their gross domestic product ( GDP). Hopefully they will see some light at the end of the tunnel as mass media exposure around the world, and followers of GlobalGoodGroup band together to bring awareness to this issue and help bring about resources to help the people.
The prime minister, Naoto Kan, will be addressing the nation as to the status of everything going on as well as his cabinets’ moves to reconcile and fix the situation as fast as possible for all of the Japanese citizens and those who were in Japan at the time. Many areas are without transportation such as taxi’s and cars and people are having to commute by foot while still grappling with the cellphone reception issues ( currently many cellphone towers and power lines are down and inaccessible making matters worse).
Earthquake's epicenter near Tokyo ---MAP PHOTO CREDIT: WALLSTREET JOURNAL
Many of you may ask if there was any warning about this issue and to that question: yes there was but not much. There was a warning issued”
A tsunami warning issued by the Pacific Tsunami Warning Center in Hawaii included Japan, Russia, Taiwan, the Philippines, Indonesia, Guam, the Northern Marianas, the Marcus Islands and the Wake Islands, and extended across the Pacific Ocean to include Central and South America.” -Wall Street Journal
Financially Japan’s currency and stock market is also hurting, “The yen and Tokyo stocks fell, while Japanese government bond futures gained” ( WSJ ), and may not see lift again for a few weeks or months as issues get fixed. Analysts from Moody’s Investor service and Fitch ratings have claimed that it is still too early to understand the repercussions of this disaster on Japan’s credit ratings ( WSJ).
As devastating as this is for the citizens of Japan, even business travelers and visitors are unable to leave or enter the country through Tokyo’s two major airports and trains have also halted for now including the shinkansen bullet train service.
This problem is even more far reaching than many may assume; two nuclear plants were automatically shut down off of the Pacific coast to avoid any further destruction of infrastructure.
WHAT IS BEING DONE?
“The Bank of Japan set up a disaster control team, headed by BOJ Governor Masaaki Shirakawa, and said it would do all it could to supply liquidity to the market. The government set up a task force at the Prime Minister’s Office.” —WSJ
Smoke rising from Tokyo's waterfront Daiba district after the quake - CREDIT: WSJ
Let us know on twitter how you feel about this horrible disaster in Japan!
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