Detailed text transcripts for TV channel - CNN - 20110312:01:58:00
It is counterintuitive that the yen would have increased in value rather than dropped. >> it's that flight to safety instinct that you have into actually japanese government bonds as opposed to -- >> who was doing the buying? i mean, i'm -- why would the japanese yen at this point be the flight to safety as opposed to the dollar or german mark or euro -- >> if those are the choices, you would be more on the dollar now. if the choice is between japanese equities and the japanese yen, then a lot of people say, you know what, i know that the bank of japan is actually going to backstop. >> got it....
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