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American banks have had nuclear physicists visit their Tokyo offices to talk to workers about radiation fears in the wake of the Fukushima crisis, and they’re also supplying bottled water to ensure their bankers stay put, Bloomberg reports.Goldman Sachs had three nuclear specialists brief employees, and also held “sessions on emergency preparedness and family welfare.”
One of the scientists who was invited to talk at Goldman is nuclear engineer who was once an advisor to the UN on environmental radioactivity.
Morgan Stanley had two scientists speak with their crew, and are also importing water from Hong Kong, Bloomberg reported.
BofA’s energy industry analyst briefed workers on nuclear-related concepts including sieverts, which is a measurement of radiation.
The President of the Tokyo Stock Exchange has been critical of foreign investors who have cut and run, or plan to, calling some of them “selfish.” Banks are keen to make sure they don’t appear to do the same. And while European banks have evacuated workers, Wall Street banks have kept their presence in Tokyo. Goldman Sachs reportedly forbade its staff from leaving.
“U.S. investment banks want staff to focus on business opportunities in Japan as the nation turns to rebuilding,” analysts told Bloomberg. Firms “want to avoid lowering their presence and losing market share in Japan as the economy is still the third largest and it was picking up. There will also be new demand for loans and fund raising from companies whose factories were damaged, as well as mergers and capital alliances.”