Fukushima; Everyone's Problem

Typhoon May-yi passed through Fukushima without incident. Tepco though dumped 1,130 tons of rainwater from behind concrete barriers situated in front of seven storage areas into the sea. Tepco said the water had a safe reading below 30 becquerels/ltr; (readings as high as 170,000 have been taken nearby as recently as Sep 14th). None of which helps the blue fin tuna which are currently glowing off the Californian coast. You don’t even want to know what radioactive cesium does to the human body. It may take a huge contamination scare somewhere or god forbid a spate of birth defects but ultimately, the international community will wade into Japan and take over the problem.

For contaminants to be flowing into the ocean every day this long after the event is just unacceptable and goodness knows what will eventually emerge from the dark depths.... don’t these people watch movies?

If that weren't bad enough the scarier extreme of the loony fringe is putting forward the theory that the three molten cores, which each weigh 120-130 tons, have melted their way through 6 inches of steel and are currently sitting on concrete floors in the cracked buildings, or they are melting their way into the earth in what the nuclear geeks apparently call “A melt through to the China syndrome.” Actually, even the silliest Hollywood script writers couldn't make this nonsense up.... that’s why it’s so worrying.

Fukushima About To Get Smacked Again

Typhoon Man-yi has been battering Japan overnight with winds of over 100mph, flooding and evacuations in some areas, (260,000 in Kyoto, more in Shiga & Fukui).

As if things couldn’t get any worse at Fukushima this could be catastrophic with early reports suggesting that a dam of a tank has already overflowed due to high rainfall.  Right or wrong, the plant remains highly vulnerable and its clear to anyone who has been following events there since the 2011 earthquake that Tepco are utterly incompetent and the fuel rods continue to present a real threat not just to the rest of Japan but to neighbouring countries and beyond.

None of which is factored into markets at any level. For the sake of those living in Japan I hope the typhoon passes without incident but the margins of safety remain extremely precarious.

Unfortunately, absolutely nothing we have seen at any level in that country in respect of facing up to the disaster so far should give us any confidence. Oh and by the way, they can forget about the 2020 Olympics, that simply won't be happening anywhere close to Japan.

 

Heavy rain and strong winds from Typhoon Man-yi have caused the Katsura river to burst its banks and caused damage to buildings across western Japan as the storm made landfall on Monday. The Katsura river in Kyoto prefecture swelled up and flooded surrounding residential communities. Residents were being evacuated from the area.