Historically, markets overreact to bad news. It depends on how bad the news really is, e.g. how damaged Japan's infrastructure actually is, as a whole. You nee

Historically, markets overreact to bad news. It depends on how bad the news really is, e.g. how damaged Japan's infrastructure actually is, as a whole. You need to judge this with facts, not on what other investors do, efficient market hypothesis notwithstanding. FWIW, I don't know enough of the facts to make a decision. I do have a feeling that the Japanese people will rebound vigorously, as they did after WWII.