By  on March 16, 2011

Investors around the world remained on a knife’s edge Wednesday, pushing stock markets down in the U.S., Europe and Asia even as the growing consensus was that the disaster in Japan would have no long-term impact on the luxury market’s rebound.

Still, stores in Japan, some of which have cut back staffing and are coping with rolling blackouts, are expected to suffer as tourists cancel trips to the island nation. It is also unclear how Japanese shoppers — a somewhat weaker though still potent force in the luxury market — will adjust over time.

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