Word: japanned
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Asian markets got pummeled on Tuesday as investors dumped stocks across the region in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index closed down nearly 5%, Hong Kong's Hang Seng index fell 5.4%, and Seoul's KOSPI index dropped 6.1%. In Taiwan, where the main index slumped 4.9%, the government encouraged banks and state funds to buy shares to support the market...
...assets such as office blocks and shopping malls during the Asian financial crisis that began in 1997. Several Japanese banks, including Shinsei Bank and Mitsubishi UFJ Financial Group, are creditors of Lehman, but any potential losses from their exposure aren't expected to have a significant impact on Japan's banking system. In fact, the problems on Wall Street are actually benefiting some Asian financial institutions. Large Japanese banks, including Mitsubishi UFJ, have been striving to expand their international presence, filling a hole left by retrenching American and European banks...
...signs point to an ugly day in Asian markets in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index plummeted 4.6% in early trading, Hong Kong's Hang Seng index fell 6.5%, and Seoul's KOSPI index dropped...
...investors are concerned about the potential negative impact Wall Street's woes will have on the U.S. economy. Though Asia's economies aren't as dependent on the U.S. market for growth as they traditionally were, exports to the U.S., Europe and Japan are still a key driving force in Asia's rapid development. Any global slowdown dims the outlook for Asia. "There will be important economic implications of the financial meltdown in the U.S. on Asia," says Dariusz Kowalczyk, chief investment strategist at CFC Seymour in Hong Kong. The continued financial chaos in the U.S., he says, raises fears...
...Even though he was released without charge, the Wakanoho's arrest shook the sport to its core. The rikishi escaped charges only because the amount of marijuana in his wallet was smaller than the threshold for legal punishment in Japan. At a news conference, Wakanoho cried, repeatedly apologized and asked for a reinstatement. But a sport whose rituals and conventions are so intimately tied with a traditional sense of Japanese identity is not so easily able to forgive the Russian's transgressions. He was told by the Japan Sumo Association (JSA) that reinstating him was impossible. On September 11, Wakanoho...