Like the rest of the world, we are watching the tragic events in Japan intently, with great sympathy for a nation that has seen more than its share of disasters over the years. Events are unfolding rapidly, with the biggest and most volatile source of fear being the release of radiation from the crippled Fukushima Daiichi nuclear plant. So far, most nuclear power experts are downplaying the risk of a catastrophic radiation release. Nevertheless, the horrific human toll and potential damage to the Japanese (and global) economy – on top of already dramatic and troubling political events in the middle east – is contributing to global financial market volatility. At moments like this, it is critical for us as fiduciaries to think clearly and dispassionately about the risks and opportunities that may present themselves, and to take appropriate and well-reasoned action on our clients’ behalf.

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