Markets React to Japanese Crisis

The crisis in Japan has finally hit home for stock markets around the world. Investors are concerned that electronics manufacturers who import chips from Japan could be affected by lapses in the supply chain. Two of Japan’s top companies, Honda and Toyota have halted production at their Japanese plants. While that would seem to be a boon for U.S. automakers, Detroit is also highly dependent on parts like semi-conductors and batteries from Japan. Overriding all of it is the bigger question: how will this disaster mean for the Japanese economy in the long-term? Joining us is Louise Story, Wall Street and finance reporter for our partner The New York Times. She says that this might be a game-changer for the world’s third largest economy.