[Roy Tucker]

That’s US$6 billion for all Japanese banks. That’s chump change. Unless there is a lot more hidden (always a possibility) looks as if Japan dodged a bullet.

[bruinbirdman]

"That’s US$6 billion for all Japanese banks. That’s chump change"

That's 4th quarter thru Dec. 31.

"Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., the country's top two lenders by assets, said in January that subprime losses for the current fiscal year through March will likely grow to a combined 490 billion yen (US$4.57 billion; €3.14 billion). Japan's third-biggest lender, Sumitomo Mitsui Financial Group Inc., booked subprime losses of 67 billion yen (US$625 million; €430 million) for October-December alone, on top of 32 billion yen (US$299 million; €206 million) for its fiscal first half." - AP

yitbos

[Centurion2000]

That’s US$6 billion for all Japanese banks. That’s chump change. Unless there is a lot more hidden (always a possibility) looks as if Japan dodged a bullet.

I really have to wonder if Middle Eastern oil money or chinese investements were exposed in this setup.