Look at what happened with JPY after the '95 quake.
Also looks like 2.2% drop on the Nikkei: http://www.businessweek.com/news/201...n-limited.html
Japan Futures Signal Drop as Quake’s Global Impact Seen Limited
March 13, 2011, 7:36 PM EDT
By Nick Gentle, Nikolaj Gammeltoft and Rita Nazareth
(See EXT2 <GO> for coverage of Japan’s earthquake.)
March 14 (Bloomberg) -- Stocks in Japan are poised to fall when trading resumes today while investors said that barring a nuclear disaster, the country’s worst earthquake on record is unlikely to halt the two-year bull market in global equities.
Nikkei 225 Stock Average futures expiring in June dropped 2.2 percent to 9,785 in Chicago at 8:30 a.m. Tokyo time today and Standard & Poor’s 500 Index futures retreated 0.7 percent. Lost production from the Tohoku region where the quake struck might not be enough to spur a recession, Bank of America Corp. said. Bank of Japan Governor Masaaki Shirakawa told reporters he’s ready to unleash “massive” liquidity starting this morning in Tokyo to assure financial stability.
Also looks like 2.2% drop on the Nikkei: http://www.businessweek.com/news/201...n-limited.html
Japan Futures Signal Drop as Quake’s Global Impact Seen Limited
March 13, 2011, 7:36 PM EDT
By Nick Gentle, Nikolaj Gammeltoft and Rita Nazareth
(See EXT2 <GO> for coverage of Japan’s earthquake.)
March 14 (Bloomberg) -- Stocks in Japan are poised to fall when trading resumes today while investors said that barring a nuclear disaster, the country’s worst earthquake on record is unlikely to halt the two-year bull market in global equities.
Nikkei 225 Stock Average futures expiring in June dropped 2.2 percent to 9,785 in Chicago at 8:30 a.m. Tokyo time today and Standard & Poor’s 500 Index futures retreated 0.7 percent. Lost production from the Tohoku region where the quake struck might not be enough to spur a recession, Bank of America Corp. said. Bank of Japan Governor Masaaki Shirakawa told reporters he’s ready to unleash “massive” liquidity starting this morning in Tokyo to assure financial stability.