Big #earthquake in #Japan

There has been a significant earthquake just off the coast of Japan, Magnitude 7.0 at a depth of 54 km, at 6:09pm Saturday Tokyo time (5:09am US East Coast time). A tsunami has been generated, early reports are it is small though … on the order of 1 meter (3.28 ft) or so.

click to embiggen

The initial model estimates seem a bit high – the median was $8 Billion – but I think the likely value is $1 to $4 Billion in total economic impact. There are power outages (some deliberate shutdowns), at least one injury. Damage reports are still coming in …

Also, ad update on yesterday’s eruption in Iceland:

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