felt throughout the business sector power supply is critical in the country of firms like toshiba toyota nissan and had to stop production because with a lot of japan's fifty power stations out of action they are running out of energy carmakers should builders and technology companies worldwide are short of supplies after the disaster transportation is also traveling to port handling as much as seven percent of japan's industrial output sustained major damage would most likely to be out of operation for months and damage to oil refineries is having a knock on effect with hughes warming at national parks. now let's have a look at how the asian markets are reacting to the situation in japan the massive sell off something to choke a stroke and she continued on tuesday as investors were trying to guess how badly japan's major companies could be hit the nikkei closed just down to eleven percent it's such a second slump in today's hong kong zone same truck close losses close in the session down week percent increased losses were compounded by japan's prime minister's statement that a substantial amou

firms like toshiba, toyota, and nissan have had to stop production because with 11 of japan's 54 nuclear out of action, they're running out of energy. >> we've stopped production as of today. we're taking the opportunity to assess how affected each operation is. frankly, it's extraordinarily complex. it's not just our factories, it's also our suppliers. obviously, some of the suppliers are within the exclusion area for the nuclear plant. >> it's insurance companies that are hardest hit. it's estimated that the physical damage from the japanese earthquake and tsunami will cost $51 billion to repair and the total cost to the economy from that and lost production could total $99 billion. that would make this disaster about as costly as hurricane katrina in new orleans in 2005. >> one of the things we know about the japanese market is it tends to keep a lot of its exposures within the domestic japanese insurance market so i think they will bear a brunt of it but once it gets to a certain level, the losses will be shared amongst the international community and we'll see if foreign currencies

toyota, nissan and honda have suspended production. sony and to toshiba have temporarily closed len allergic conclude electric tropic -- electronic plants, and now japan is dealing with an erupting volcano. it's spewing ash and rock. it's in southern japan, fair -- far away from the quake zone. japan and our own west coast both lie on the ring of fire, an arc of seismic which i active zone. we have much more ahead on the impact of the earthquake and tsunami in japan, including the passengers leaving sfo for japan today, despite a travel warning by the state department. and the efforts to salvage >> alan: the state departmentes urging americans not to go to japan, the state department said americans should avoid tourism and other unnecessary visits for now. at san francisco international airport we caught up with several people catching a flight into the city of osaka which was not impacted. many were james residents or had family in japan. >> i've been looking online for a couple of friend and that's reassuring. when you live in japan, you get used to the