It is no doubt a critical and evolving situation in Japan and the situation can quickly slip into something far, far worse.
There is a large dose of sensationalism in the news, some merited and some bald panic, which is providing a strange pressure and counter-balance to the misery and worry. Germany, having lived with reality of the fallout from Chernobyl and dependent on nuclear power, should be prepared for dialogue and adjustments where necessary. If the disasters in Japan can inspire safer custody of the global array of atomic mills, and their by-products, or make nuclear power a true bridge-technology to more viable passive energy-sources, that is a measured and positive response. GAU, Grรถรter Anzunehmender Unfall, is an abbreviation for the worst case scenario, and a Super-GAU is what's beyond the ability to contain. It is scary and Japan should know it is not facing this tragedy alone.
The terror being broadcast, however unintentional, has a certain tone, as if such behaviour is unbecoming of civilized nation. It is collective shock and disbelief that such catastrophes can befall the mighty and the ongoing dissonance with the relative calm and order and perseverance of the brave Japanese people. With help and the right approach, these enormous tribulations will be overcome and rebuilt with solider foundations. Economically, Japan will thrive as well--within the same global framework and on the forefront. Distaste, however, will probably develop for the more negative, unconstructive side of finance: focused on recovery, Japan will not want--or need, to buy and hold US debt, supporting America's profligate habits and policies. A productive market, backed by real industry, will be another positive legacy.
