Thursday February 16, 2012

JAPAN NEWS AND DISCUSSION

Japan stocks tumble on failed U.S. auto bailout

Business Dec. 12, 2008 - 04:26PM JST ( 9 )

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9 Comments

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taniwhaDec. 12, 2008 - 08:32PM JST

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.
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GJDailleultDec. 12, 2008 - 10:24PM JST

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.
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some14someDec. 12, 2008 - 11:17PM JST

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.
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ptolemyDec. 13, 2008 - 12:54AM JST

Well back to the drawing borad.
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30061015Dec. 13, 2008 - 03:20AM JST

Down & down it goes, where it stops, nobody knows.
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WeaselDec. 13, 2008 - 03:51AM JST

Wouldn't worry too much...if the Congress won't give them the money, I'm pretty sure that the Federal government (Paulson / Bush) will. 'Sides, if they were so eager to give $700 billion to bankers who made awful business decisions, why not lend $15 to car companies who made equally bad decisions.
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rajakumarDec. 13, 2008 - 07:44PM JST

Let the stocks fall,there will be cleaner systems and more new jobs when it starts to go up again via dynamic leadership companies.
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presto345Dec. 13, 2008 - 11:48PM JST

why not lend $15 to car companies who made equally bad decisions.

15 billion perhaps? Sure, keep the death spiral going.
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rgettyDec. 14, 2008 - 11:05AM JST

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.