Japan's nuclear fears pose new problems for markets
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Fund managers and economists say the nuclear threat exposed by the Japan earthquake could have unprecedented implications for markets and makes solid economic predictions impossible.
Bank of America Merrill Lynch European equity strategist Gary Baker says uncertainty over the nuclear power plants poses a problem that was not present during other disasters in recent years, such as Hurricane Katrina.
Rathbone Unit Trust Management head of multi-asset investment David Coombs says: “I cannot call nuclear issues, I cannot rationalise and predict them. However, Japan has been incredible at overcoming these issues in the past.”
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