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Justin Bieber

Justin Bieber, Rihanna and U2 release album in aid of Japan

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Justin Bieber

Read more: Ireland sends $1.3 million in aid to Japan as they deal with nuclear crisis

With scenes of devastation after the earthquake in Japan still fresh in the public mind, pop wonder kid Justin Bieber and Irish dad rockers U2 are listed among the banner name artists who have vowed to record a new album to raise money for massive relief effort there.

The good news is that all of the world famous singers are acting quickly. Sources at Universal Music announced on Tuesday that they hope to release a digital-only charity album globally by the end of this week.

All proceeds from the fund raising album will got to the Japanese Red Cross, a spokesperson for Universal Music told the press on Monday.

"Japan needs our help. We all need to step up," Bieber wrote on his Twitter account, regarding his own involvement with the new charity album.

Other pop stars scheduled to participate in the new album include Rihanna, Bon Jovi and rapper Nicki Minaj.

Rumors suggest that Lady Gaga may also appear on the album, with futher pop  royalty to be announced.

Last week Gaga created her own "We Pray for Japan" rubber wrist bands to sell to her fans on her website in the immediate aftermath of the earthquake, raising $250,000 within the first two days of sales, with all proceeds going to relief efforts.

Read more: Ireland sends $1.3 million in aid to Japan as they deal with nuclear crisis

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