The Japanese market was humming along, and then BAM. The rally has evaporated.
According to Reuters, Japan has just raised the severity level of the latest leak at Fukushima (the nuclear power plant that’s still not contained following the earthquake of March, 2011).
FLASH: Japan raises severity of latest Fukushima leak to level 3 (“serious” radiation “incident”) on international scale
— Reuters India (@ReutersIndia) August 21, 2013
We recently explained the situation at Fukushima, and how out of control it is here.