Japan's Nuclear Uncertainty Fuels Radiation Fears
Updated from 12:01 p.m. EDT with information regarding the Fukushima Dai-ichi nuclear-power plant.
TOKYO (TheStreet) -- The Fukushima Dai-ichi nuclear-power complex in Japan suffered a third explosion and Japanese officials warned that a critical reactor container, which keeps radioactive materials from leaking, may have been damaged, according to reports.
|A Japanese man and his baby are scanned for levels of radiation in Koriyama, Fukushima.|
International Atomic Energy Agency director general Yukiya Amano said that right now it is hard to predict how the current nuclear crisis in Japan will develop because there are so many unknown factors, Reuters reported.
"The problem is very complicated, we do not have all the details of the information so what we can do is limited," Amano said in a news conference on Tuesday. "I am trying to further improve the communication."The nuclear emergency in Japan escalated on Tuesday after a build-up of hydrogen caused a third hydrogen explosion at the Fukushima power plant in two days. The blast at Unit 2 damaged the reactor's main containment shell and "may have affected the integrity of its primary containment vessel," the International Atomic Energy Agency said. The IAEA also reported that a fire broke out in the reactor's fourth unit late Monday night, releasing radioactivity "directly into the atmosphere" at the rate of up to 400 millisievert per hour. "The level [of radiation] seems very high, and there is still a very high risk of more radiation coming out," Prime Minister Naoto Kan said in a brief address to the nation, The Wall Street Journal reported. "We will do our utmost to prevent further spreading of radiation leaks. I sincerely urge everyone in the nation to act calmly." With the risks of leaks rising, Japan ordered 140,000 people, or those living with 19 miles of the Dai-ichi complex, to seal themselves indoors Tuesday, The Associated Press reported. "Please do not go outside. Please stay indoors. Please close windows and make your homes airtight," Chief Cabinet Secretary Yukio Edano told residents in the danger zone," AP reported. "These are figures that potentially affect health. There is no mistake about that."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV