No way this is good news for USU or the uranium ETF.....
Tokyo (CNN) -- Japan is poised to declare a toxic water leak at the Fukushima nuclear plant a level 3 "serious incident," its gravest warning since the massive 2011 earthquake and tsunami that sent three reactors into meltdown.
The country's Nuclear Regulation Authority said the leak was expected to be classified as a level 3 incident on the International Nuclear and Radiological Event Scale pending confirmation from the Vienna-based International Atomic Energy Agency.
"The current situation is at the point where more surveillance won't be enough to keep the accidents from happening," Shunichi Tanaka, chairman of the authority, said at a news conference Wednesday
Nuclear: Japanese authorities to raise Fukushima leak from level 1 to level 3: Reuters reported that Japan's Nuclear Regulation Authority has assessed that the levels of radiation leaking from a storage tank at Fukushima should be increased from level 1 to level 3 on the International Nuclear Event Scale (INES). The piece added that each one step increase on the INES scale represents a tenfold increase in severity. The move will classify the leak as a "serious incident" vs its previous classification as an "anomaly". The article noted that an upgrade would be the first time that Japan has issued a warning on the INES since the three reactor meltdowns at Fukushima in March 2011.