Somber Economic News from the Land of the Rising Sun |
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Sections - Humor & Satire | |||
Wednesday, 08 October 2008 08:05 | |||
H ere are the latest economic data from a sobering Land of the Rising Sun. Following the problems in the sub-prime lending market in America and the run on Northern Rock in the United Kingdom, economic uncertainty has now hit Japan.
Meanwhile, Japanese bankers expressed a yen, if not a longing, for a more-stable American dollar.
There were major developments also among the Japanese car companies that are operating factories in the United States. Honda, the Japanese automaker, has denied reports that it has hired Los Angeles-based news anchor, Tritia Toyota, as its spokesperson. Toyota, the number-two automaker in the world, has refuted reports that it has offered the presidency of its U.S. operations to California Congressman Mike Honda if he chooses not to run for reelection in 2010.
Editor’s Note: Tom Seyer, the MabuhayRadio.com Asian bureau chief, contributed the reports about the Japanese car industry. # # #
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Last Updated on Wednesday, 08 October 2008 08:07 |
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