Magnitude 7.6 earthquake hits Japan

<p>Western Japan was hit by a 7.6 magnitude earthquake that led to a 1.2 meter tsunami.</p><p>Japanese TV has shown fires in Wajima city and there are reports of numerous injuries and stuck in collapsed buildings. </p><p>The event is a reminder of the magnitude 9 earthquake that led to the Fukushima disaster along with the Dec 26, 2004 magnitude 9.1 earthquake that led to the Indian Ocean tsunami.</p><p>Given the smaller scale of this earthquake and Japan's extreme preparedness for earthquakes, I wouldn't expect this one to be a factor for markets.</p>

This article was written by Adam Button at www.forexlive.com.