Events

Fukushima Nuclear Meltdown

Fukushima Nuclear Meltdown

Fukushima Nuclear Meltdown
Japan

More About Fukushima Nuclear Meltdown

  • Serves as a good example of how seemingly unrelated events (an earthquake under the ocean) can trigger something as far removed as a stock market crash
Fukushima Key Highlights
  1. Large Earthquake occurred under the ocean off the coast of japan
  2. Earthquake create damage inland and a large Tsunami
  3. The Tsunami crashed into Japanese coast and disabled coiling systems at the Fukushima Nuclear Power Station (amongst other damage)
  4. The plant could not cool itself and exploded / melted down
  5. The Tokyo Stock Exchange Crashed

Fukushima Global Currency Market Intervention

  • The disaster weakened the Japanese stock markets and economy
  • Japanese Insurance companies had to purchase yen to pay out claims - strengthening the yen
  • The G7 countries sold yen and bought other currencies in order to weaken the Yen
  • The weakened Yen gave JapanĀ  an economic Boost (cheaper exports) to help deal with the disaster