Nov 18, 2008

What's happening.... VI

All isn't very well in the land of the rising sun... Nothing but grim news all around.. Really worried about my prospect of getting a "good" job here.. :(

Japan's political system in chaos as opposition boycotts parliament
On top of the seemingly "musical chair" way for the post of PM, the opposition is now flexing its muscle... But is it the right move at the right time??? And to think that the current PM hasn't even warm the chair yet..

Japan Airlines, All Nippon Strikes May Affect 11,400
Mmmm... Maybe they need the strong arm(-wrestling) methods of LKY.. See how profitable SIA is now after he helped resolve the last pilot salary disputes a couple of years ago..

Japan economy may not grow until 2010, Yosano says
Oh dear!! This is definitely not good news by the Economics Minister.. After announcing that Japan has slipped into its first recession in seven years (Japan faces year of recession), he made this comment... :( :(

Nikkei sags as exporters, banks battered by econ mood
Deary me... Everyone seemed to be affected by the strings of bad economy news that seemed never-ending..

Japan's Corporate Bankruptcies Rise to Five-Year High
My oh my... Many SMEs in Japan are facing very tough times ahead with slow order and high yen.... How many more would go before things would get better??? Not until after 2010, it seems..

Nomura Said to Plan Job Cuts Among Ex-Lehman Staff
Just when you thought that they were saved... :(

Goldman cuts 10 percent of bankers in Tokyo - sources
Even the staff of GS is not immune.. who is??

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