Nikkei Gains Instantly Evaporate After Japan Raises Severity Level Of Latest Fukushima Radiation Leak

The Japanese market was humming along, and then BAM. The rally has evaporated.

The culprit.

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).

We recently explained the situation at Fukushima, and how out of control it is here.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at