Lehman failure has had limited impact on Japan

Friday 19th September, 03:35 PM JST

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7 Comments

taniwha at 06:59 PM JST - 19th September

Yee-up, right. Like Japan is still this floating island above and beyond the messy reality that is the rest of the world.
bobsmack at 08:20 PM JST - 19th September

They didn't say they were floating above it. They said the impact was limited. Shouldn' you be getting your lesson plan together?
taniwha at 08:33 PM JST - 19th September

Hey Bob, "they" will say what they will. It's what "they" do. "They" are doing that all around the world. That doesn't mean its the whole story, or even a little bit of the whole story.

What "lesson plan" are you on about?
Alinsky4prez at 08:44 PM JST - 19th September

"They" are doing that all around the world.

You're being coy with us again, comrade.

Who is 'they'?

Let's name some names and go after em.

Vlad retook Josef Stalin's birthplace just last month - the revolution yet lives!

Take the Spirit of Gori worldwide!

Let us strike while the iron is still hot!
some14some at 10:27 PM JST - 19th September

Ofcourse J-govt is not going to admit that Lehman failure has compounded our economy problems.
taniwha at 08:43 AM JST - 20th September

Some14,

The enormity of the crises is going to be hard to obfuscate but of course they may well try. The sole focus of J government and those elsewhere right now is to to shore up consumer confidence. You can be certain they are prepared for the worst. Only it may not be the kind of preparation the population are going to like very much.

The financial crises is world wide, and where the US goes economically every other country will follow. The world economy is now inextricably tied together in so many ways it is impossible for single country to be able to not be affected.
rajakumar at 12:42 AM JST - 22nd September

LEHMAN had assets totalling 700 billion dollars, this about the size of taiwan annual GDP.

AIG had about 1000 billion dollars in assets that about the size of Turkish annual GDP.

The total sum of dollars really is jeopardy from Lehman/AIG/others may be around 700 billion in toxic loans.

US governmment will create a debt of 700 billion via their tax payers to fix up the toxic loan by buying them up via their assets ownerships.

US government will now print more USD dollars to the tone of 700 billion dollars guaranteed by USA assets/US tax payers/US loans.

Definitely we are talking large sum of dollars with lehman/AIG/others fall.

Governments,PMs and Presidents must now have more checks on toxic loans creation problems to avert future woes of same kind in our 80000-70000 billion USD annual GDP world.