An 8.9 magnitude earthquake struck Japan overnight generating a 33 ft wave that struck the shores of Japan causing widespread damage. The tsunami warnings have now been posted along the Pacific Rim coastlines and Hawaii. The NOAA has the details here.

http://www.weather.gov/ptwc/

A TSUNAMI HAS BEEN GENERATED THAT COULD CAUSE DAMAGE ALONG
COASTLINES OF ALL ISLANDS IN THE STATE OF HAWAII. URGENT ACTION
SHOULD BE TAKEN TO PROTECT LIVES AND PROPERTY.
A TSUNAMI IS A SERIES OF LONG OCEAN WAVES. EACH INDIVIDUAL WAVE
CREST CAN LAST 5 TO 15 MINUTES OR MORE AND EXTENSIVELY FLOOD
COASTAL AREAS. THE DANGER CAN CONTINUE FOR MANY HOURS AFTER THE
INITIAL WAVE AS SUBSEQUENT WAVES ARRIVE. TSUNAMI WAVE HEIGHTS
CANNOT BE PREDICTED AND THE FIRST WAVE MAY NOT BE THE LARGEST.
TSUNAMI WAVES EFFICIENTLY WRAP AROUND ISLANDS. ALL SHORES ARE AT
RISK NO MATTER WHICH DIRECTION THEY FACE. THE TROUGH OF A TSUNAMI
WAVE MAY TEMPORARILY EXPOSE THE SEAFLOOR BUT THE AREA WILL
QUICKLY FLOOD AGAIN. EXTREMELY STRONG AND UNUSUAL NEARSHORE
CURRENTS CAN ACCOMPANY A TSUNAMI. DEBRIS PICKED UP AND CARRIED
BY A TSUNAMI AMPLIFIES ITS DESTRUCTIVE POWER. SIMULTANEOUS HIGH
TIDES OR HIGH SURF CAN SIGNIFICANTLY INCREASE THE TSUNAMI HAZARD.
THE ESTIMATED ARRIVAL TIME IN HAWAII OF THE FIRST TSUNAMI WAVE IS
                     0307 AM HST FRI 11 MAR 2011