November 17, 2008 at 14:34 PM EST
Japanese Banks, Brokerages Underperform Asia Region
Anyone watching the performance of Japanese banks and brokerages lately probably wasn’t surprised by Japan’s official declaration of a recession Monday following the release of negative third quarter GDP figures. Exposure to the global credit crisis has hit the credit and equity performance of Japanese banks and brokerages hard, and a government economic minister warned the economic situation [...]
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