TOKYO, JAPAN—The biggest earthquake to hit Japan since records began 140 years ago struck the northeast coast on Friday, triggering a 10-meter tsunami that swept away everything in its path, including houses, ships, cars and farm buildings on fire.
The Red Cross in Geneva said the wall of water was higher than some Pacific islands and a tsunami warning was issued for the whole of the Pacific basin, except for the United States and Canada, but Hawaii ordered the evacuation of coastal areas.
The 8.9 magnitude quake caused many injuries, sparked fires and the wall of water, prompting warnings to people to move to higher ground in coastal areas.
"I was terrified and I'm still frightened," said Hidekatsu Hata, 36, manager of a Chinese noodle restaurant in Tokyo's Akasaka area. "I've never experienced such a big quake before."
Some nuclear power plants and oil refineries were shut down and a refinery and a major steel plant was ablaze.
Cabinet ministers were meeting about nuclear issues after media reports said the government would declare a nuclear power emergency, which occurs if there is confirmation of radioactivity leaks or a reactor cooling system breakdown.
Around 4.4 million homes were without power in northern Japan, media said. A hotel collapsed in the city of Sendai and people were feared buried in the rubble.
Electronics giant Sony Corp, one of the country's biggest exporters, shut six factories, Kyodo reported, as air force jets raced toward the northeast coast to determine the extent of the damage.
The Bank of Japan, which has been struggling to boost the anemic economy, said it would do its utmost to ensure financial market stability as the yen and Japanese shares fell.
The Philippines, Taiwan and Indonesia all issued tsunami alerts, reviving memories of the giant tsunami which struck Asia in 2004. The Pacific Tsunami Warning Center issued alerts for countries to the west and across the Pacific as far away as Colombia and Peru.
There were several strong aftershocks. In Tokyo, buildings shook violently. An oil refinery near the city was on fire, with dozens of storage tanks under threat.
Stunning TV footage showed the tsunami carrying the debris and fires across a large swathe of coastal farmland near the city of Sendai, which has a population of one million. Ships in once coastal area were lifted from the sea into a harbor where they lay helplessly on their side.
Sendai is 300 km (180 miles) northeast of Tokyo and the epicenter at sea was not far away.
NHK showed flames and black smoke billowing from a building in Odaiba, a Tokyo suburb, and bullet trains to the north of the country were halted. Thick smoke was also pouring out of an industrial area in Yokohama's Isogo area. TV footage showed boats, cars and trucks tossed around like toys in the water after a small tsunami hit the town of Kamaichi in northern Japan. An overpass, location unknown, appeared to have collapsed and cars were turning around and speeding away. Kyodo news agency said there were reports of fires in Sendai where waves carried cars across the runway at the airport.
"The building shook for what seemed a long time and many people in the newsroom grabbed their helmets and some got under their desks," Reuters correspondent Linda Sieg said in Tokyo. "It was probably the worst I have felt since I came to Japan more than 20 years ago."
The quake struck just before the Tokyo stock market closed, pushing the Nikkei down to end at a five-week low. Nikkei futures trading in Osaka tumbled as much as 4.7 percent in reaction to the news.
The disaster also weighed on markets elsewhere, pushing shares in European insurance companies down. Large reinsurers -- Swiss Re, Hannover Re and Munich Re -- were all down more than 4 percent.
British, French and German insurers were also sold off in early trade, with Aviva down more than 2 percent, Allianz off 1.7 percent and Axa 1.3 percent lower.