Fukushima really doesn't appear to be as bad as they are rating it.
From Business Spectator
SCOREBOARD: Japan dread
Adam Carr
Published 7:37 AM, 13 Apr 2011
Risk was taken off the table in our session yesterday after concerns over Japan�s nuclear disaster spiralled. The Japanese nuclear agency upgraded the disaster to a level 7, which apparently puts it on par with Chernobyl. That said, many organisations, such as WHO, said they haven�t detected any notable deterioration and that the Fukushima disaster is nothing like Chernobyl. Moreover, it has been noted that the amount of nuclear material given off by the reactors is about 10 per cent of what was seen in Chernobyl. Nevertheless our markets were certainly smashed and that action flowed through to Europe and the US � stocks have been belted. With stocks down 1.4 per cent to 1.7 per cent in Europe, the S&P500 then closed down 0.8 per cent (1314) with energy (-2 per cent), basic materials (-2 per cent) and tech stocks the key underperformers (although most sectors were down).
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