Sub Prime Lending Problems In Japan

[Chris Lawrence]

Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan.

In the last 7 days Origami Bank has folded,

Sumo Bank has gone belly up,

and Bonsai Bank announced plans to cut some of its branches.

Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song,

Today shares in Kamikaze Bank were suspended

after they nose-dived.

Furthermore, 500 staff at Karate Bank got the chop.

Analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal...