Japan

Seattle, USA, Mar 28, 2011 - The earthquake and tsunami that hit Japan on March 11 is first and foremost a humanitarian tragedy that is difficult to comprehend. Over 10,000 people died during and in the immediate aftermath; more than 400,000 people lost their homes and 100-150,000 buildings were destroyed. The re-building of towns, roads, railways and the power grid in the impacted region northeast of Tokyo will be a lengthy and difficult undertaking.

There has been a lot of analysis in the last few days concerning the impact the massive earthquake, and tsunami in Japan will have on North American timber markets.

Japan has no objection to buying more carbon emissions rights from Ukraine as its checks have shown that money Tokyo previously paid for permits has been properly accounted for, a government official said Thursday.