The Japanese economy's not looking great either
a recent announcement.
the problems in the sub-prime lending market in America and
the run on Northern Rock in the
UK, uncertainty has now hit Japan.
In the last 7 days
has gone belly up and Bonsai Bank announced plans to cut
some of its branches.
Yesterday it was announced that
was up for sale and is likely go for a song, while today
were suspended after they nose-dived. While
is soldiering on following sharp cutbacks,
is reported to have taken a hit, but they remain in the
black. Furthermore, 500 staff at
got the chop and analysts report that there is something
fishy going on at
where it is feared staff may get a raw deal."
Thanks to Bryan