The $7.3 billion iShares MSCI Japan Index Fund (NYSEArca: EWJ) was down 2% in early U.S. trading Tuesday with the exchange traded fund (ETF) slipping again amid the latest headlines on Japan’s nuclear disaster.

Japan needs to release tons of contaminated water into the ocean from a crippled power plant, according to reports.

The iShares MSCI Japan entered Tuesday’s session down 11.2% over the previous month, according to Morningstar. The Japan ETF was trading below its 200-day moving average.

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