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© Copyright 2008/9 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.Japan stocks tumble on failed U.S. auto bailout
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taniwha
The yen has reached an astonishing high against the US dollar. This is not good for Japanese exports and not good for the US either. How long before the big Japanese investors in the US dollar begin pulling their investment? Or for that matter those other investors in the Asian block from who the US have loaned to keep their economy afloat for these past decades, pull their investments?
The collapse of world capitalism is very likely now over the peak and picking up pace. Now is the time to consider the sane alternative.
GJDailleult
Been a lot of "government should not interfere in the markets" comments on this site recently. Well, you got your wish. But as they say, be careful what you wish for, it might come true.
some14some
Market players had decided TSE bottom line to Y6,990+. few days ago. Thereafer TSE has become truely Tokyo Stock Exchange, a local business supported by local companies, local public funds, nothing to do with U.S. auto bailout.
ptolemy
Well back to the drawing borad.
30061015
Down & down it goes, where it stops, nobody knows.
Raja Kumar
Let the stocks fall,there will be cleaner systems and more new jobs when it starts to go up again via dynamic leadership companies.
presto345
15 billion perhaps? Sure, keep the death spiral going.
rgetty
taniwha: The Japanese can not the take the money they have in dollars in the US, if they did that would cause the yen to strengthen even more. They have know this for 30 years now that's why the money has been left there. The US knows this too, they know they have this money to use whenever they want because if the Japanese took it back it would cause a yen strengthen.