A government panel said Tuesday there is a high chance of an earthquake with a magnitude of 7 to 8 occurring within the next 30 years along the Japan Trench lying in the Pacific Ocean off northeastern Japan.While maintaining there is almost zero percent of another magnitude 9 earthquake occurring in the same area on the trench as the one that hit eastern Japan in March 2011, the Earthquake Research Committee revised upward the probabilities of major quakes in other parts from the previous estimate compiled in November 2011.In its latest long-term estimate, the panel said there is a 50 perce…READ FULL ARTICLE