Japanese earthquake and Stock Market Outlook

Japanese Stocks Unlikely To Slump for Long: Strategist

(news from CNBC)

While it's still very early to tell what the impact of the Japanese earthquake will be, it is likely that the events won't derail the country's stock market, Olgerd Eichler, co-head of asset management at MainFirst Asset Management, told CNBC Friday.

Looking back at the 1995 earthquake centered around Kobe, where more than 6,000 died, the stock markets only took a few days to recover, Eichler said.

"I think it's not going to derail equities for the next several weeks," he said.

Short-term impacts will include losses for insurers, possibly higher oil prices and increased uncertainty, he said.

"But we are living in a world with many uncertainties now," he added.

Globally, there will still be a "very decent growth rate and it's not going to fall apart," Eichler said.

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