JAPAN DAYBOOK: Japan Battles to Prevent Nuclear Meltdown

Japanese officials are battling to prevent a potential meltdown at a nuclear power plant in Fukushima, 135 miles north of Tokyo.

WHAT TO WATCH *Bank of Japan policy meeting 1 pm. The meeting was shortened to one day from two. The bank will announce a policy decision following the meeting. *Government holds meeting on nuclear disaster 9:30 am. *Nuclear safety agency holds meeting after government meeting. *Chief cabinet minister holds briefing 11 am. *Chief cabinet minister holds briefing 4 pm. *The Tokyo and Osaka exchanges plan normal operations.

MEDIA *Radiation Level Increases at Fukushima Dai-Ichi, Kyodo Says *Tokyo Electric Cancels First Blackout in Rotation, NHK Says

TOP STORIES *Japan Readies ‘Massive’ Liquidity as BOJ Gauges Risk *Quake Costs Threaten to Extend Bond Bear Market: Credit *Yen Reaches Four-Month High Against Dollar *Tepco, Toshiba, JR East May Be Among Most Hurt by Quake

BLOOMBERG TV GUESTS 07:00 SocGen Chief Japan Economist Takuji Okubo - LIVE 08:40 JPMorgan Head of Equity Research Jesper Koll - LIVE 10:20 Macquarie Chief Asia Economist Richard Jerram - LIVE 13:10 Prospect AM Chairman Curtis Freeze - LIVE

EQUITY MOVERS *Hino Motors (7205 JT) will suspend operations at three factories in Japan from March 14 to determine whether vehicle parts will be available after the March 11 earthquake, Kyodo News reported. *Nikon (7731 JT) suspended operations at its camera plant in Miyagi prefecture for an undetermined amount of time because of power outages, the Asahi newspaper reported. *Mitsubishi Materials (5711 JT) stopped operations at its Onahama refinery in Fukushima after Friday’s earthquake. *Nippon Paper Group (3893 JT) suspended operations at its six plants in Japan, the Asahi newspaper reported. Almost all product stockpiles at a plant in Ishinomaki city, Miyagi prefecture were destroyed by tsunami, Kyodo News said. *Nippon Steel (5401 JT) suspended operations at its Kamaishi plant in Iwate prefecture due to tsunami flooding. The company partially resumed operations at its Kimitsu plant in Chiba prefecture, near Tokyo. Oriental Land (4661 JT), operator of Tokyo Disney Resort, said it would close the amusement park until at least March 21. There was no major damage to facilities, the company said. *Mitsubishi Motors (7211 JT) will suspend operations at three factories in Japan to assess the availability of auto parts coming from suppliers in quake-hit areas, Kyodo News reported. *Suzuki Motor will halt operations at all six of its Japanese plants from tomorrow for an undetermined amount of time because of delayed deliveries from parts makers in quake- affected areas, the carmaker said in a statement today. *Tokyo Electric Power (9501 JT) continues to avert a meltdown at its nuclear power plant in Fukushima. *Toshiba (6502 JT): Prime Minister Naoto Kan asked the president of Toshiba, Norio Sasaki, to do all he can to contain the problems at the nuclear plants in Fukushima.

ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Tokyo Electric Power (9501 JT) cut to neutral by Goldman. *J Front Retailing (3086 JT) cut to neutral at Credit Suisse. *West Japan Railway (9021 JT) raised to outperform at Mizuho. *Fanuc (6954 JT) initiated neutral at Nikko. *NSK (6471 JT) initiated neutral at Nikko. *Daikin (6367 JT) initiated neutral at Nikko. *Fujifilm (4901 JT) cut to neutral at Mizuho.

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