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Detailed text transcripts for TV channel - CNN - 20110312:01:55:00

One is that actually, you know, japan is not so great at managing its money right now. but it is really great at responding to earthquakes. and this region of japan where it happened is relatively sparsely populated and doesn t have that much industry there. yeah, there is also a flight to quality. people flow into bonds at a time of stress like this. explain the 1.7% figure. what does that mean? 1.7% of japanese s gross domestic product comes out this prefecture. so if you shut it down completely, you d be losing sort of less than 2% of the economy. whereas to give you a comparison, the tokyo region is 40% of the economy. right. and you know the companies there, automotive companies, production of television, sony, et cetera it k that production and just so it s clear, we re not talking about this as though it s some antiseptic crisis that doesn t affect human beings. the death and devastation is what we care about. but understanding the ripple effects for the economy is p ....

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