Yen always rallies after major Earth Quakes as the Insurers invest heavily in their own economy, it is a built in stimulus of the Japanese economy. Kobe 1995 for example, cant be bothered finding charts to back myself but it was the case.
Diversified over several major centres so it would have to be one hell of a Quake to knock it out totally, and any post Quake selling or materials purchasing to rebuild will be done with strengthened Yen.
Smart Money is pouring into this and dont Worry Godzilla hasnt been seen doing any deals with Macquarie or anybody else to take out BNB properties either.
BJT
babcock & brown japan property trust
fat prophets report re bjt, page-7
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