JAKARTA, Indonesia (CNN) -- A major earthquake struck Indonesia on Wednesday -- initially categorized as magnitude 7.4 before being downgraded to 7.0 by geological officials.
Deustche Bank employees exit their building in Jakarta, Indonesia, on Wednesday after a major 7.0 earthquake.
There were no immediate reports of casualties.
A tsunami watch went into effect and quickly expired, according to the Pacific Tsunami Warning Center.
The quake was centered 242 km (150 miles) from the capital, Jakarta, according the U.S. Geological Survey. The quake was about 60 km (37.3 miles) deep.
In Tasikmalaya, a city in the Indonesian island of Java, some older buildings were damaged and people panicked in the streets because there was no electricity, according to a witness named Maya.
Tasikmalaya is about 142 km (88 miles) from the epicenter.
John Aglionby, a journalist with the Financial Times, was in Jakarta when the earthquake struck. 
"The whole building started to sway. People got very serious," Aglionby told CNN. "People left the building. But there was no signs of damage here."
About three weeks ago, a series of earthquakes -- ranging in magnitude from 4.7 to 6.7 -- struck off the western coast of Indonesia's Sumatra Island.
At least seven people were injured and one building collapsed in Padang City in West Sumatra, officials said.
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