The knock-on effect from the US sub-prime market
shows no sign of letting up in Japan.
In the last 7 days the 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,
while today shares in Kamikaze Bank were suspended
after they nose-dived and
500 back office staff at Karate Bank got the chop.
Analysts report that there is something fishy going on at Sushi Bank
and staff fear they could get a raw deal.
Australian observers have noted that the Whale Fleet Bank
has been in for a lot of blood letting.
Shocks from the Market meltdown
continue to be felt around the world.
