Japan’s Yamoto Life Insurance goes bust

"Japanese firm, Yamato Life Insurance, has gone bust and is filing with the country’s Financial Services Agency to ask for court protection.
The insurer, which is described as of medium size and is a household name in Japan, has debts of $2.7 billion dollars.
Turbulent markets and tumbling share prices in Tokyo on Friday meant that the [...]" (2008-10-10)
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