Japan: The morning snapshot March 29

3 years ago by in Japan

b3a2ca93f7fca62b87c11a13cf6211e01 Japan: The morning snapshot March 29

Photo by Midorisyu

EARTHQUAKE

The death toll from the March 11 earthquake and tsunami passed 11,000, with more than 17,000 still missing.

Plutonium has been detected in the soil at the Fukushima nuclear plant.

The government has said Sunday’s mistaken readings at the Fukushima nuclear plant were unforgivable, and that a partial meltdown was the cause of contamination at 10,000 times normal levels.

ECONOMY

Japan Airlines has completed government-backed bankruptcy proceedings, but faces an uncertain future.

The head of the nation’s top business lobby, Keidanren, says the organization will not argue if a planned 5 percent corporate tax cut is shelved amid the current crisis.

Shares in TEPCO ended at a 31-year low as the Nikkei finished 0.6 percent down on Monday.

EXCHANGE

Trading ended Monday at ¥81.67 to the dollar.

GOSSIP

Cherry blossoms started to come out in Tokyo, but this year’s “hanami” parties expected to be more subdued.