March 17, 2011 - 3:04PM 0355 GMT: Our Seoul bureau reports that scientists at the Korea Astronomy and Space Science Institute have said the massive earthquake tin Japan has shifted the country more than two metres away from the neighbouring Korean peninsula.
- The Korea Astronomy and Space Science Institute (KASSI) said the Korean peninsula moved east up to five centimetres (two inches) while Japan shifted some 2.4 metres (7.92 feet) east.
0350 GMT: Shares in China's nuclear energy firms have extended their losses after Beijing suspended approval of new projects in response to Japan's atomic crisis.
0253 GMT: US President Barack Obama has offered to give Japan any support that it needs as it grapples with a nuclear crisis following a quake and tsunami, Japanese government spokesman Yukio Edano has said.
0250 GMT: Hideo Chiba, a baker in the devastated Japanese port town of Kesennuma, told our correspondent Hiroshi Hiyama: "Whatever will be, will be." He firmly believes that hard work can be uplifting, so the 70-year-old has busied himself with a smile, cleaning up his house and shop ravaged by the killer tsunami.
"People say 'How can you smile like that?' I just tell them, 'None of my relatives died.'"But he added: "We don't know when we will receive power and water and telephone service. It's hard for me to decide when or whether I will be able to reopen."
"I don't have fresh water to clean my hands. But I will go on."
0235 GMT: Nariman Behravesh, an economist at US-based IHS has told AFP that a the disaster will have a "large, but -- probably -- temporary impact on the Japanese economy," and a "small impact on the rest of the world".
- The tens of billions of US dollars that will be spent rebuilding homes, factories and infrastructure could spark a recovery boom.
- With 11 nuclear plants shuttered and blackouts predicted until the end of April, a slowdown in Japanese production could quickly turn into a manufacturing bottleneck. "People will be surprised by how fast prices will rise," Jesse Toprak, an auto analyst with TrueCar.com told AFP.
Experts are cautiously optimistic that the still-brittle global economy can absorb the shock of Japan's triple disaster, but major risks still loom as the crisis unfolds.
0230 GMT: US officials have warned citizens living within 50 miles (80 kilometers) of a crippled Japanese nuclear plant to evacuate or seek shelter. The evacuation order came as the chairman of the US Nuclear Regulatory Commission (NRC) warned there was no water left in the spent fuel pool of reactor 4 at the Fukushima nuclear plant, resulting in "extremely high" radiation levels.
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- The Korea Astronomy and Space Science Institute (KASSI) said the Korean peninsula moved east up to five centimetres (two inches) while Japan shifted some 2.4 metres (7.92 feet) east.
0350 GMT: Shares in China's nuclear energy firms have extended their losses after Beijing suspended approval of new projects in response to Japan's atomic crisis.
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- Shenzhen-listed SUFA Technology Industry Co, a unit of state-owned China National Nuclear Corp, dropped 7.4 percent to 32.3 yuan ($4.9) mid-morning after falling the ten percent daily trading limit a day earlier.0253 GMT: US President Barack Obama has offered to give Japan any support that it needs as it grapples with a nuclear crisis following a quake and tsunami, Japanese government spokesman Yukio Edano has said.
0250 GMT: Hideo Chiba, a baker in the devastated Japanese port town of Kesennuma, told our correspondent Hiroshi Hiyama: "Whatever will be, will be." He firmly believes that hard work can be uplifting, so the 70-year-old has busied himself with a smile, cleaning up his house and shop ravaged by the killer tsunami.
"People say 'How can you smile like that?' I just tell them, 'None of my relatives died.'"But he added: "We don't know when we will receive power and water and telephone service. It's hard for me to decide when or whether I will be able to reopen."
"I don't have fresh water to clean my hands. But I will go on."
0235 GMT: Nariman Behravesh, an economist at US-based IHS has told AFP that a the disaster will have a "large, but -- probably -- temporary impact on the Japanese economy," and a "small impact on the rest of the world".
- The tens of billions of US dollars that will be spent rebuilding homes, factories and infrastructure could spark a recovery boom.
- With 11 nuclear plants shuttered and blackouts predicted until the end of April, a slowdown in Japanese production could quickly turn into a manufacturing bottleneck. "People will be surprised by how fast prices will rise," Jesse Toprak, an auto analyst with TrueCar.com told AFP.
Experts are cautiously optimistic that the still-brittle global economy can absorb the shock of Japan's triple disaster, but major risks still loom as the crisis unfolds.
0230 GMT: US officials have warned citizens living within 50 miles (80 kilometers) of a crippled Japanese nuclear plant to evacuate or seek shelter. The evacuation order came as the chairman of the US Nuclear Regulatory Commission (NRC) warned there was no water left in the spent fuel pool of reactor 4 at the Fukushima nuclear plant, resulting in "extremely high" radiation levels.
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