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Detailed text transcripts for TV channel - CNN - 20110328:08:09:00

Buyers. there was some $11 billion u.s. in japan equities and i think selectively that makes sense. was that bargain hunting because they realized they were good values? some companies getting hit more than others, but all companies being marked down as there was a great level of uncertainty about the recovery and the extent of the damage. now there s a little bit more clarity around, perhaps, the extent of the impact on the overall economy. investors are coming back in and looking for opportunities. remember, japan is one of if not the cheapest market in the world, which is one of the reasons we saw rotation in markets including japan prior to the earthquake. i do want to get to the emerging markets issue in the broader picture, but i also wanted to ask you about japan and inflation. we talked about inflation affecting this region. but do you buy into the argument that japan s reconstruction plans will put upward pressure on inflation because it ll cause ....

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