Tuesday, November 12, 2002

Nikkei and Japanese Banks

The latest decline in the Stock Markets only serves to underline just how fragile the Japanese banking system actually is.The Nikkei 225 index fell below 10,000 for the first time in five months today dropping below a level at which it begins to threaten the health of the entire Japanese financial system. We don't know for certain what will be the 'tipping points'

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