The situation in Japan with respect to the Miyagiken-Oki earthquake (9.0 magnitude) and 10m tsunami, and its impact on the local nuclear reactors. Here is a précis of the situation as I understand it:
1. There is no credible risk of a serious accident. All reactors responded by insertion of control rods to shut down their nuclear reactions. Thus, power levels in all cases dropped quickly to about 5% of maximum output, and the nuclear chain reaction ceased (i.e., all units are subcritical).
Note: I judge the situation would currently be rated INES Level 4: Accident with local consequences on the international nuclear event scale. Update: This level has been confirmed by WNN (5:50 GMT).
2. The concern is providing emergency cooling water to the reactor cores to remove decay heat from the fuel rods. This residual heat comes from the fission products, and will be persistent, but diminishes rapidly over time (i.e., most decay heat occurs over minutes and hours,
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