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Nikkei index falls 6% to 26-year low

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5 Comments

  • ptolemy at 04:34 PM JST - 27th October

    Keep an eye open for falling people when in the cities. Looks like all industries are getting punched.

  • some14some at 04:53 PM JST - 27th October

    Japan crash shakes global markets.

  • apecNetworks at 06:32 PM JST - 27th October

    It's ok.....

    Financial names tumbled sharply following media reports that Japan’s major banks were considering raising new capital by issuing new stock.

    It's important now to make the banks super strong so that whatever volatility develops, the banks are on dry land. Strengthening capitalization during this period unnerves investors, but the banks MUST take a strong defensive position now.

    I was there back then, and I am still here?

  • warispeace at 11:34 PM JST - 27th October

    The Japanese banks do not need strengthening. They are out picking up cheap stakes in US investment banks, so why should the tax payer subsidize this? They are going to offer new shares to re-capitalize and this dilutes the price of existing shares. Does this mean they are weak and need help?

  • usaexpat at 11:48 PM JST - 27th October

    The exchange rate should be most worrying to Japan's export driven economy. Basically the world is right when $1 = 105 yen plus or minus. Once the 1-100 floor is broken exports to the US dry up.

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