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...currency continued gaining ground on the euro and British pound Monday, while a surging Japanese yen caused more trouble for Japan's export-reliant economy. That prompted the G7 to issue a statement that member nations would undertake collective efforts to undercut the value of the yen to limit the economic damage its rise has inflicted on Japan...

Author: /time Magazine | Title: The Market Gloom Continues | 10/27/2008 | See Source »

Exactly two weeks after Mitsubishi UFJ Financial Group, Japan's top lender, tossed a $9-billion lifeline to Morgan Stanley - in exchange for a 21% stake - Mitsubishi UFJ is in need of some help itself. On Monday, Japan's largest bank said that it needs to raise $10.7 billion in capital and will be selling common and preferred shares. It was negative news following negative news. Less than one week ago, Mitsubishi UFJ downgraded its net profit for the first half of the year to about half of what it was last year at this time. Japan's Nikkei index...

Author: /time Magazine | Title: Troubles Hit Morgan Stanley's Japanese Savior | 10/27/2008 | See Source »

Shares of Japan's top three mega-banks - so recently perceived as impervious to the subprime-sparked crisis - tumbled along with it, in what is now the biggest decline in bank shares in 21 years and the latest sign that the global economic crisis is spreading further into Japan's financial system. Mitsubishi UFJ and Mizuho Financial Group, Japan's second largest bank, led the fall with shares dropping 15%, followed by an 11% drop in the shares of Sumitomo Mitsui Financial Group, Japan's third-largest lender...

Author: /time Magazine | Title: Troubles Hit Morgan Stanley's Japanese Savior | 10/27/2008 | See Source »

...Walker's foundation, the U.S. debt will be equal to or greater than annual gross domestic product - a situation not seen since 1946 at the end of World War II. Worsening the picture is the fact that much of that debt is held by international lenders, chiefly China and Japan, who could grow wary of financing our spending and cut off funds, effectively leaving the U.S. in crisis...

Author: /time Magazine | Title: Does Anyone Care About a Trillion Dollar Deficit? | 10/25/2008 | See Source »

What's the story behind this crazy Batman/Japanese comic book you're putting out?I've published several books on the lore and the toys and the this and the that of Batman. When the Batman TV show came out in 1966, it was a global hit. But Japan was the only country in the world that contacted DC Comics and said, "We want to license the right to write and draw our own Batman and Robin stories." These stories appeared for exactly a year, from April '66 to May '67. And they kind of came and went. They were...

Author: /time Magazine | Title: Book Designer Chip Kidd | 10/24/2008 | See Source »

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