The benchmark Nikkei 225 stock average slid 633.94 points, or 6.2 percent, to 9,620.49, extending losses from Friday. The earthquake hit shortly before markets closed for the weekend. Escalating concerns about the financial fallout of the disaster triggered a plunge that hit all sectors. The broader Topix index lost 7.5 percent.
The Bank of Japan moved quickly to try to keep financial markets stable. By flooding the banking system with cash, it hopes banks will continue lending money and meet the likely surge in demand for post-earthquake funds.
Japanese police said 1,000 washed up bodies were found scattered Monday across the coastline of Miyagi prefecture.
The official declined to be named, citing department policy. He said the Miyagi police chief inspected the areas from a helicopter Monday.summer fashion trends
The discovery raised the official death toll to about 2,800 but the Miyagi police chief has said that more than 10,000 people are estimated to have died in his province alone.
Friday's double-headed tragedy has caused unimaginable deprivation for people of this industrialized country that has not seen such hardships since World War II. In many areas there is no running water, no power and four- to five-hour waits for gasoline. People are suppressing hunger with instant noodles or rice balls while dealing with the loss of loved ones and homes.
"People are surviving on little food and water. Things are simply not coming," said Hajime Sato, a government official in Iwate prefecture, one of the three hardest hit. power balance
He said authorities were receiving just 10 percent of the food and other supplies they need. Even body bags and coffins are running so short the government may turn to foreign funeral homes for help, he said.
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