Expert warns of global impact following quake

Wednesday 23rd March 2011, 2:30PM GMT.

THE earthquake and tsunami that devastated Japan will lead to a number of repercussions in the country itself and abroad, according to investment expert Kevin Boscher.

The Spearpoint chief investment officer (pictured) said that while it was too soon to assess the impact of the tragedy on the global economy, it was unlikely to be insignificant and transitory.

For example, the Fukushima nuclear accident was already fuelling a major debate about the future of nuclear power, an important source of energy, especially at a time when the oil pricewas moving substantially higher.

In addition, the funding of Japan’s reconstruction programme will matter a lot in terms of its impact on global asset prices.