No, they are not insured against earthquakes. Even more discomforting:
"Japan's capital has a 90 percent chance of being devastated by a major earthquake some time in the next 50 years, according to a study by a government panel."
http://www.cnn.com/2004/TECH/science/08/30...e.ap/index.html
Remember they are high geared+not insured ... wouldn't want an earthquake to take out a couple of your buildings.
BJT
babcock & brown japan property trust
fat prophets report re bjt, page-5
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