Japanese Banking Crisis



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, while today shares in Kamikaze Bank were suspended after they nose-dived.

While Samurai Bank fell on its sword, Ninja Bank is reported to have taken a hit, but they remain in the black.

Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

Even Miso Bank is in the soup, and an audit of the Tofu Bank is turning up questions about it's REAL assets.

The only ray of light in all this is the arrival of a new bank rising out of the ashes of the others. Its name - Hiroshima Savings - and their slogan - "we've survived worse than this!".

Its merger with the Teppanyaki Bank is still hot and on the table.

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