Global fears mount as Japan takes desperate steps to cool reactors

TOKYO,  (Reuters) – Operators of a quake-crippled  nuclear plant in Japan again deployed military helicopters last night in a bid to douse overheating reactors, as U.S.  officials warned of the rising risk of a catastrophic radiation  leak from spent fuel rods.

The destruction is seen from an aerial view in Wakuya, Miyagi Prefecture, in this U.S. Navy handout photo dated March 15, 2011. REUTERS/U.S. Navy/Mass Communication Specialist 3rd Class Alexander Tidd/Handout

While officials were scrambling to contain the nuclear  crisis with a patchwork of fixes, the top U.S. nuclear regulator  warned that one reactor cooling pool for spent fuel rods may  have run dry and another was leaking.

“We believe that around the reactor site there are high  levels of radiation,” Gregory Jaczko, head of the Nuclear  Regulatory Commission, told a House Energy and Commerce  subcommittee hearing.

“It would be very difficult for emergency workers to get  near the reactors. The doses they could experience would  potentially be lethal doses in a very short period of time.”
Health experts said panic over radiation leaks from the  Daiichi plant was also diverting attention from other threats to  survivors of last Friday’s 9.0 magnitude earthquake and tsunami,  such as the cold weather and access to fresh water.

The head of the world’s nuclear watchdog, meanwhile, said it  was not accurate to say things were “out of control” in Japan,  but the situation was “very serious”, with core damage to three  units at the plant, around 240 kms (150 miles) north of Tokyo.

The latest images from the plant showed severe damage to  some of the buildings after several blasts.

A stream of gloomy warnings and reports on the Japan crisis  from experts and officials around the world triggered a swoon in  global financial markets, with the Japanese yen surging  to all-time highs against the dollar and all three major stock  indexes slumping on fears of slower worldwide growth.

Japanese Finance Minister Yoshihiko Noda on Thursday blamed  speculation for the yen’s surge and repeated his warning that he  would closely watch market action.
Japan’s Nikkei average slumped on opening on  Thursday, and an hour after opening was down nearly 4 percent.

G7 Finance ministers will hold a conference call later on  Thursday to discuss steps to help Japan cope with the financial  and economic impact of the disaster, a source said.
Japan’s government said radiation levels outside the plant’s  gates were stable but, in a sign that it was overwhelmed,  appealed to private companies to help deliver supplies to tens  of thousands of people evacuated from around the complex.

“People would not be in immediate danger if they went  outside with these levels. I want people to understand this,”  Chief Cabinet Secretary Yukio Edano told a news conference,  referring to people living outside a 30-km (18-mile) exclusion  zone.

Tokyo Electric Power Co. (TEPCO) officials said bulldozers  attempted to clear a route to the reactor so firetrucks could  gain access and try to cool the facility using hoses.
Company officials also said they had high hopes of getting  limited power to the facility to help pump water needed to cool  reactors and the spent fuel rods that have been overheating.

High radiation levels on Wednesday prevented a helicopter  from dropping water into the No. 3 reactor to try to cool its  fuel rods after an earlier explosion damaged the unit’s roof and  cooling system, but they managed on a second attempt on  Thursday.

The plant operator described No. 3 — the only reactor at  that uses plutonium in its fuel mix — as the “priority”.     Plutonium, once absorbed in the bloodstream, can linger for  years in bone marrow or liver and lead to cancer.

If cooling operations do not proceed well, the situation  will “reach a critical stage in a couple of days”, said an  official with the government’s Nuclear and Industrial Safety  Agency.

The situation at No. 4 reactor, where the fire broke out,  was “not so good”, TEPCO added, while water was being poured  into reactors No. 5 and 6, indicating the entire six-reactor  facility was now at risk of overheating.

“Getting water into the pools of the No.3 and No.4 reactors  is a high priority,” Said Hidehiko Nishiyama, a senior official  at Japan’s Nuclear and Industrial Safety Administration.

“It could become a serious problem in a few days,” he said.

UNPRECEDENTED
CRISIS, SAYS EMPEROR

Japanese Emperor Akihito, delivering a rare video message to  his people on Wednesday, said he was deeply worried by the   crisis which was “unprecedented in scale”.
“I hope from the bottom of my heart that the people will,  hand in hand, treat each other with compassion and overcome  these difficult times,” the emperor said.

Panic over the economic impact of last Friday’s massive  earthquake and tsunami knocked $620 billion off Japan’s stock  market over the first two days of this week, but the Nikkei  index rebounded on Wednesday to end up 5.68 percent.

The Tokyo Stock Exchange and the Financial Services Agency  plan to keep the stock market open despite calls for a halt to  trading, mainly from foreign financial institutions, the Nikkei  business daily said.

TSE President Atsushi Saito said the exchange “will continue  to provide investors with an opportunity to trade”, calling it  “an important piece of social infrastructure”.

“If we put a stop to trading, it will be seen as a  confirmation of the concerns among foreigners and could trigger  panic,” a TSE official was quoted as saying by the Nikkei.
Estimates of losses to Japanese output from damage to  buildings, production and consumer activity ranged from between  10 and 16 trillion yen ($125-$200 billion), up to one-and-a-half  times the economic losses from the devastating 1995 Kobe  earthquake.

Damage to Japan’s manufacturing base and infrastructure is  also threatening significant disruption to the global supply  chain, particularly in the technology and auto sectors.

EMBASSIES URGE CITIZENS TO LEAVE

Scores of flights to Japan have been halted or rerouted and   air travellers are avoiding Tokyo for fear of radiation.

On Thursday the U.S. Embassy in Tokyo urged citizens living  within 50 miles (80 kms) of the Daiichi plant to evacuate or  remain indoors “as a precaution”, while Britain’s foreign office  urged citizens “to consider leaving the area”.

The warnings were not as strong as those issued earlier by   France and Australia, which urged nationals in Japan to leave  the country. Russia said it planned to evacuate families of  diplomats on Friday.

In a demonstration of the qualms about nuclear power that  the crisis has triggered around the globe, China announced that  it was suspending approvals for planned plants and would launch  a comprehensive safety check of facilities.