Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Japan markets plummet to 26-year low

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Press TV
Monday, Oct 27, 2008

Japan’s Nikkei average slumps 6.36 percent to its lowest level in 26 years as nervous investors await the US financial crisis fallout.

The Nikkei 225 Stock Average lost 486.18 points on Monday, dropping to 7162.90, closing at its lowest level since October 1982.

“It is a crisis. It is a psychological shock to think we are back to where we were almost thirty years ago,” The Wall Street Journal quoted Hisahi Takeda, a real-estate worker in central Tokyo, as saying on Monday.

(Article continues below)

The Japanese index has lost more than 20 percent of its stock value since last Monday and nearly 40 percent over the last thirty days.

Analysts believe measures taken by the Japanese government of Prime Minister Taro Aso to ease the strains on banks and strengthen rules on short-selling have failed to revive trust in the market.

This article was posted: Monday, October 27, 2008 at 11:10 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

The Truth About Soy Boys See the rest on the Alex Jones YouTube channel.

The Truth About the Sex Abuse Scandal See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/FTSvLKY7HEk https://www.youtube.com/embed/BjUnC7-PDWI

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.