Reuters Investigates

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Battling meltdowns, nuclear and fiscal, in Japan

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JAPAN-QUAKE/Check out two special reports out of Tokyo today.

The first examines what has happened at the Fukushima Daiichi nuclear plant since Friday’s massive quake: “Mistakes, misfortune, meltdown: Japan’s quake” (PDF version here)

 Here’s how one expert sums up the situation:

“They might have been prepared for an earthquake. They might have been prepared for a tsunami. They might have been prepared for a nuclear emergency, but it was unlikely that they were prepared for all three,” said Ellen Vancko, an electric power expert with the Union of Concerned Scientists.

Global Economics correspondent Alan Wheatley looks at the outlook for Japanese debt as the nation rebuilds in his special report: ”Why Japan will avert a fiscal meltdown

Masaru Hamasaki, a senior strategist at Toyota Asset Management in Tokyo, said the severity of the challenge facing Japan should not be underestimated.