Japan Issues Highest Alert, Evacuation Warnings After Volcano "Explosively" Erupts – No Injuries Reported First, earthquakes; then tsunamis; then household spending collapses for the 13th month in a row… and now Japan is dealing with a volcano. NHK reports that Kuchinoerabu-jima, a volcano on Kuchinerabu Islands (off the southern-most tip of Japan) has erupted "explosively." …