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Nuclear situation changes the game. and it's not just how bad is it in reality? it's about perception. japan is very dependent, as you know, on exports, very dependent now also on dollars coming in through tourism, especially from china and also they're trying to get domestic consumption going. this nuclear situation, whether it's minor to the actuality of human danger, or if it turns out to be major is going to dampen consumption, japanese will go back into savings mode from this whole tragedy. people are canceling their trips to japan and probably won't be going back for a long time and we'r...

Deteriorates from here. if this is the worst of it and we find out that today's announcements were overblown, yes, we can go back to a normal cycle of a disaster, the markets take a hit. it could be hundreds of billions in this case. >> okay. >> and that would, in the end, be a boost for the economy. but keep in mind, we just don't know yet. and that's my worry here that the added situation with the nuclear accident is going to be a longer term dampener and could knock the recession back. >> a much more short-term issue. there has been a lot of chat in the market that the bank of japan could'v...