Japanese language is hard to swallow. Here goes a legendary mistake by FT.
Yamamoto files for bankruptcy
By Michiyo Nakamoto in Tokyo
Published: October 10 2008 19:27 | Last updated: October 10 2008 19:27
Yamato Life Insurance on Friday filed for bankruptcy with Y269.5bn ($2.7bn) in liabilities. It becomes the first direct casualty of the global financial crisis in Japan’s financial sector.