Are You A Tokyo-Based Banker Worried About Radiation Risks?

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Don't be!

U.S. investment banks want staff to focus on business opportunities in Japan as the nation turns to rebuilding areas devastated by the earthquake and tsunami that triggered a nuclear accident, analysts said. Goldman Sachs has hosted three nuclear specialists and held sessions on emergency preparedness and family welfare, said Hiroko Matsumoto, a spokeswoman in Tokyo. Morgan Stanley asked two scientists to speak to staff and their families over the coming week and is importing water from Hong Kong, said Mika Watanabe, a Tokyo-based spokeswoman...Global banks “want to avoid lowering their presence and losing market share in Japan as the economy is still the third largest and it was picking up,” said Takehito Yamanaka, a Tokyo-based analyst at MF Global FXA Securities Ltd. “There will also be new demand for loans and fund raising from companies whose factories were damaged, as well as mergers and capital alliances.”

[Bloomberg]

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