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REPORT ABUSIVE REPLY
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Message Subject
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>> QUAKE + NUCLEAR cleanup will cost BILLIONS >>> Japan may DUMP US DOLLAR ASSETS, TREASURIES
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Poster Handle
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oldboldpilot |
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Post Content
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[ link to www.telegraph.co.uk] Impact of Japan earthquake puts property fund in limbo
Commercial property has become the latest industry to be struck by concerns about a nuclear accident in Japan after a major German fund banned investors from withdrawing money because it cannot value its assets in Tokyo.
The suspension highlights the unprecedented situation that businesses in Japan find themselves. None of Union Investment's properties were damaged by the earthquake.
In a statement, it said: "With the impact of the nuclear incidents in Japan still unclear, especially at the Fukushima plant, and the economic consequences impossible to predict at present, Union Investment Real Estate contacted its external experts to request a revaluation of its properties in Tokyo.
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