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steve: welcome back. fox news alert. new worries in japan after reports that nuclear fuel rods are completely exposed inside of one of those container buildings. the disaster already having a major impact on japan s economy. the nikkei closed over 6%. how can they avoid a financial crisis and which what does this mean for the rest of the world? joining us is the dean of smu s dedman college, expert on japanese banking and economics and part of a japanese-american leadership delegation. you were in tokyo when the earthquake hit on friday, weren t you? i was. i was right in front of a major hotel in downtown tokyo. and i saw the sky scrapers swaying like trees in the breeze. steve: oh, man. it had to be terrifying. of course, tokyo not impacted as much as the northern portion of that country. from where you re sitting, what is the major impact now on japan going forward?