Japan can absorb reconstruction costs

Despite already high public debt and previous credit rating agency scrutiny, the effect of extra borrowing for Japan's bond markets should be limited, according to Bunt Ghosh, vice-chairman for Asia-Pacific fixed income at Credit Suisse.

The human, physical and financial toll from Japan’s recent disasters is being assessed by various experts. Fixed income and credit analysts too are trying to calculate the likely costs – and in their case, its effect on Japanese bond markets.

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