Japan earthquake caused widespread risk retreat

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Investors retreated to less risky assets following the Japanese earthquake and tsunami in early March, although this rapidly reversed as uncertainty about the economic impact of these events subsided, the Bank of International Settlements Quarterly Review, published on Monday, said.

The analysis, which covers the period to May 25, 2011, said the March 11 earthquake in Japan, and resulting tsunami and nuclear crisis, triggered a brief but widespread "flight to safety", as international equity

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