Japan's equity futures fell 6 percent on Monday as investors took stock of the economic damage from the massive earthquake and tsunami that devastated the country's northeastern region.
Japanese stocks fell 6 percent and long-term government bond yields rose on Monday as investors expected the massive earthquake and tsunami that devastated the country's northeast to take a toll on the economy and require significant government borrowing.
The Treasury Department said Sunday it is monitoring financial markets closely in the wake of the devastating earthquake that struck Japan last week but had assurances that transactions systems were working.
The devastation in Japan is set to worsen the negative short-term sentiment gripping a vulnerable U.S. stock market, with companies exposed to Japan and the nuclear energy sector likely to take the biggest hits.
The death toll from Friday's large earthquake and subsequent tsunami is likely to rise beyond 10,000, Miyagi prefecture's police chief said on Sunday, according to Kyodo News.
Last week's earthquake in Japan could lead to insured losses of nearly $35 billion, risk modeling company AIR Worldwide said, making it one of the most expensive catastrophes in history -- even without expected additional tsunami losses that are not yet counted.
Earth has been shifted on its axis by almost 4 inches (10 centimeters) during the Japan earthquake, and according to some reports, the cataclysmic incident has a moon connection.
Japanese automakers, electronics firms and oil refiners shut key factories after a massive earthquake and tsunami struck the northeast coast, underscoring the challenge facing the government as it rushes to limit the economic blow.
It took a massive earthquake back in her homeland to persuade Yuki Kosuge to look beyond traditional news sources and log in to Twitter for the first time.
The radiation level at the Fukushima No. 1 nuclear power plant, which was hit by the earthquake, has exceeded the legal limit on Sunday, posing extreme danger to the people in a multi-kilometer radius and spawning long-term environmental hazards.
The unexpected nature of this week's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses from the disaster especially difficult, senior executives at two top catastrophe risk modeling firms said on Saturday.
The unprecedented nature of Friday's earthquake in Japan, plus the damage from the subsequent tsunami and fires, makes estimating insured losses especially challenging, senior executives at two top catastrophe modeling firms said on Saturday.
An explosion at a nuclear power plant in Japan's eastern coast did not take place at the critically important reactor, but officials have nonetheless expanded an evacuation area for residents from about 6 miles to 12 miles.
An explosion was heard at the quake-hit nuclear plant of Japan on Saturday, soon after speculations of melt-down were made following the failure of the cooling system of the plant due to Friday's powerful earthquake and tsunami.
Toyota Motor Co <7203.T> said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overseas markets, after a massive earthquake hit Japan the previous day.
A massive Japanese earthquake may have less of an impact on insurers than first feared, analysts said on Friday, although their reassuring estimates only partially calmed nervous investors.
Oil prices fell on Friday after a massive earthquake shook Japan, shutting refineries and other industrial facilities in the world's third-largest oil consumer and triggering a broader sell-off in commodities.
Video from Japan in the aftermath Friday's 8.9 magnitude quake shows office workers in Yokohama, several hundreds of miles southwest of the quake's epicenter, running to escape falling debris.
A new earthquake has struck Japan near the prefecture of Nagano, according to the U.S. Geological Survey (USGS).
Big jumps in U.S. oil refining shares on Friday in reaction to Japan's massive earthquake could soon reverse as traders digest the impact of the disaster
Oil prices fell on Friday after a massive earthquake shook Japan, shutting refineries and other industrial facilities in the world's third-largest oil consumer.
Here is a look at some of the celebrities and what they tweeted.