Barclays estimates the earthquake will cost from 2.4 to 3.4% of  Japan’s GDP. GMO says the stock market drop was an overreaction unless entire eastern half of Japan becomes uninhabitable. Federated thinks Japanese stocks may soon be a good buy. Janney, Montgomery, Scott notes that in 1995, the Nikkei dropped 25% after a quake and recovered by the end of the year. On a separate topic, in a Keefe Bruyette & Woods report on the performance of U.S. mutual fund families, T. Rowe Price shines and Janus is floundering.

Kyohei Morita and Yuichiro Nagai, Barclays Capital, Japan Economic Focus

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access