In view of the current difficult investment times please check your portfolio for Japanese bank shares. . .
The knock-on effect from the Northern Rock Bank is being severely felt in the Japanese market and shows no sign of letting up.
In the last 7 days:
Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank has announced plans to cutback some of its branches. Yesterday it was
announced that Karaoke Bank is up for sale and more than likely will go for a song.
Today shares in Kamikaze Bank were suspended after they nose-dived and 500 back-office staff at Karate Bank also got the chop.
Analysts report that there is something fishy going on at Sushi bank and staff fear they may get a raw deal.
Be careful out there.