Econintersect: The Japanese Times reported today that the owner of the stricken Fukushima Dai-Ichi nuclear complex might be forced to release 11,500 tons of radioactive water into the Pacific on Tuesday. Put in perspective – this is equivalent to six hundred 18 wheeled fuel tanker trucks seen on the USA roadways.
The New York Times also reported a decline in business confidence according to a Japanese Central Bank survey. This survey shows in the next 3 months, business believes the Japanese economy will worsen. Econintersect’s review of news indicates economists are not believing negative dynamics will continue into 2012.
Econintersect follows the Japanese Times on its Asia News Page.