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Japan all set to deal with US election shock: analysts

Tokyo officials run meetings on possible interventions to calm market, and brokers are said to have cash buffers

Published Wed, Nov 9, 2016 · 09:50 PM

Tokyo

WILDLY gyrating prices gave an initial impression of shock bordering on panic in Tokyo on Wednesday, as the upset victory by US presidential candidate Donald Trump sent markets reeling - but seasoned analysts said Japan is prepared for the turmoil.

News of Mr Trump's victory sent Tokyo stocks crashing and the yen leaping against the tumbling dollar, but veteran analyst Jesper Koll, who heads investment group Wisdom Tree, Japan, told The Business Times: "Japan is well prepared for a Trump presidency."

Even so, the financial authorities in Tokyo went on high alert; …