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Tokyo stocks dive on renewed jitters about corporate earnings

Wednesday 22nd October, 05:03 PM JST

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  • TokyoVP at 11:53 PM JST - 22nd October

    No worry, Japan is "cash rich" and banks are sound, the press reports.

    Meanwhile, politicians talk of public funds for regional and megabanks.

    Prime Minister Aso shows how to be cool and calm during a global financial decline; Just dash to the Ginza every night for caviar and cocktails after a busy day of quizzing cabbies on the state of the economy.

    The market is reflecting the reality of the situation.

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