Today at 05:46:23 (UTC)/12:46 AM (EST), Japan was hit with a magnitude 8.9 earthquake, creating factories, among other infrastructures, to temporarily shut down.
According to the Kyodo news agency, Sony, who happens to be one of Japan’s mammoth exporters, had to shut down six of their factories as the earthquake caused fires and power failure in the northeast coast of the country. This earthquake will most certainly cause a humongous economic impact on Japan because of its damage to the factories.
On top of the earthquake, a tsunami came rolling in from the coasts of Japan, furthering the damage to the nation’s coastline. Reportedly, a 33 feet high tsunami hit the port of Sendai. The official death toll, so far, is more than 1,000 people, Japanese media outlets are reporting.
Other companies who have been identified to shut down their operations because of these natural disasters were Honda, Hokuriku Electric Co., JX Nippon Oil & Energy Corp., Cosmo Oil Co. and more.
Written by: Ace
- News Contributor