Everything is interconnected
Bank of Japan Deputy Governor Toshiro Muto said growth could be threatened if the U.S. housing slump spreads.
"You just don't see an end to the subprime housing-loan problem," said Soichiro Monji at Daiwa SB Investments Ltd. in Tokyo. "Unless we see some light at the end of the tunnel, we can't expect the market to rise."
Bloomberg said the Morgan Stanley Capital International Asia Pacific index "has lost 7.9 percent in November and is set for its biggest monthly drop since September 2001."