Japan: Nikkei, Toppix rally on release of 5 kinds of radioactive waste into seawater, and smoke coming out of the nuclear reactors

Well, it's good that you trust the government, specially when they tell you that there's nothing to worry about Fukushima Dai-Ichi. "Markets, please just continue rallying, it's a lifetime buying opportunity, we've solved the problem, there's nothing to see". Of course.

If you exclude the thousands dead, the $300 billion estimated damage from the earthquake and the tsunami, the $800 billion printed by the BoJ and also, please do not even worry about the smoke coming out of the nuclear reactors, and the release five kinds of radioactive — including plutonium and uranium — material and contaminating seawater.

"Do not worry, we are from the government, we are here to help". Everything is contained in the nuclear plant — so was the subprime crisis, and Chernobyl, and so on:

March 21 (Bloomberg) -- Radiation containment units at Japan’s Fukushima Dai-Ichi nuclear reactors are intact and the situation at the plant “is on the verge of stabilizing,” a U.S. Nuclear Regulatory Commission official said.

Pools of water used to prevent fuel rods from overheating at units 3 and 4 are stabilizing, Bill Borchardt, executive director for operations, said today at a commission meeting in Rockville, Maryland. Japanese Prime Minister Naoto Kan said progress is being made in restoring power to reactors No. 1 and No. 2, and plant owner Tokyo Electric Power Co. said it had restored electric power to No. 3 and No. 4.

“Containment at units 1, 2 and 3 appear to be functional,” Borchardt said. “The fact that offsite power is close to being available for use at plant equipment is perhaps the first optimistic sign that things could be turning around.”
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A mere 6 hours later, Bloomberg published the following two reports:

March 22 (Bloomberg) -- Tokyo Electric Power Co. said fuel rods at its Fukushima Dai-Ichi power plant have been damaged, releasing five kinds of radioactive material and contaminating seawater for the first time.

The acknowledgements from the utility indicate poisons emanating from the plant may be spreading through the air and sea, raising concern over the safety of seafood from the coast of northeastern Japan and agriculture in the region.
[...]
Iodine-131 was detected at 127 times normal levels from sample water taken at 2:30 p.m. yesterday, while cesium-134 levels were 25 times normal and cesium-137 was at 17 times normal, Tepco said on its website.

March 22 (Bloomberg) -- Japanese Prime Minister Naoto Kan said he can see “light at the end of the tunnel” even as smoke at two reactors hampered efforts to restore cooling systems at the troubled Fukushima Daiichi nuclear plant.

Tokyo Electric Power Co. evacuated engineers and halted work after smoke was seen billowing from the No. 3 unit, Hitoshi Emukai, a Tokyo-based spokesman at the utility, said yesterday. White smoke seen later at the No. 2 reactor is likely steam, said Naoki Tsunoda, another company spokesmen.
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Regulators in Japan and the U.S. said not covering the hot plutonium rods could cause them to catch fire and release radioactive pollution if exposed to air.