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Gap in the information flow is where a lot of people are putting their fear and it s breeding a lot of mistrust. nina? stan grant, thanks very much for that update there from our tokyo bureau. japan is getting some help on another front. for the first time in more than a decade, the group of seven nations has agreed to intervene to help japan slow down the rise of the yen. take a look at what s been happening to the dollar/yen movements so far today. on this graph, the higher the line, the weaker the yen. and the yen is, in fact, weakening. in fact, start here at 5:00 a.m. this morning when the yen was trading at about $78.87 and then three hours later, look at this, the time of the g-7 announcement, the yen weakened sharply. so when it goes up, that actually means the yen has weakened. right now, it s trading at about ....
Than a decade, the group of seven nations has agreed to intervene to help japan slow down the rise in the yen. take a look at what s been happening today with the dollar/yen movements. on this graph, the higher the line, the weaker the yen, and the yen, in fact, is weakening. you can see that there. i m going to start this morning at around 5:00 a.m. at this point when the yen was trading at less than $78.9 per dollar. three hours later, look at this. this is the time of the g-7 announcement when the yen weakened sharply. and right now it s trading at about 81.45. this weakening of the yen is what japan wants. because a yen that is too strong cuts into the profits of japanese companies that do business overseas when they repatriate their earnings. now this could severely hinder japan s ability to recover from the devastating earthquake and tsunami that happened a week ago ....