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Japan’s nuclear fears pose new problems for markets

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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Japan’s stocks rebounded today as the Nikkei 225 closed up 5.68 per cent to 9,094. The index registered a fall of over almost 17 per cent on Monday and Tuesday this week following the earthquake and tsunami which hit the country on Friday and has claimed over 10,000 lives. Many commentators have been bullish on […]

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