Japan withdraws

A major Japanese bank slashed its connections to Europe by dropping debt in countries like ireland, portugal, and Spain. The dramati slash comes from the instability of the market in the region and the Japanese no lnger want to rely on the mercy of the European Market. The bank is slashing these debts also due to a 46.1 billion Yen net losss after the last quarter. The Moody council, a local reviewer for foriegn investors says the company maybe moved down to a level just above junk.The move by the major Japanese bank also caused other Japenese banks to slash their ties to Europe dropping such as the Bank Kakosi. This bank has dropped nearly all of its foregin bonds eventhough the Italian Bond exceeded 7 per cent return.
http://edition.cnn.com/2011/11/28/business/japan-nomura-eurozone-debt/index.html?hpt=ieu_c2