ok whats next, there are large korean, singapore, and indonesian banks on the brink. and you have hk, banks already over the line. Its incredible how connected we are.
There are no banks in Asia that need rescue yet. I don't know where you heard that news. On the other hand, it is possible that there are skeletons still in the closet.
A lot of the toxic waste that was written reamians unnacounted for. perhaps the failure of Yamato life gives a clue as to who might have been holding it. Japanese banks/institutions are yield pigs.
This is an interesting case: a blogger actually started this rumor and got in significant trouble for it: http://www.newser.com/story/38591/blogger-busted-for-bad-bank-rumor.html
Btw, this AP article said it went belly up because of the fall in the stock market. Does that make sense all you insurance experts out there?? http://www.newser.com/article/d93ncpco3/mid-sized-japanese-insurer-goes-bankrupt.html Does this mean they were playing with derivatives??