I've been watching the live feed from Japan, and whoo man, it's bad, especially for such a densly populated country...
Like REALLY bad, massive flooding, fires and other damage from the quake. I think that since it was relatively close to shore the quake still had pretty damaging effects. It was far enough out to generate a legitimate tsunami, but close enough so that no one could really perpare in Japan for it.
Praying hard for that country, and also that the tsunami dissipates before it reaches other regions (Hawaii, S. Pacific, Taiwan, Western US even...).