Spread betting on the Japanese stock market should take into account that bank stocks continue to struggle. Three of the largest Japanese lenders have been asked to contribute to a subprime mortgage bailout fund, and shareholders are not happy about the implications. Bloomberg reports on the feelings about the Japanese stock market:
``For bank shareholders, this participation request is very
unpalatable,'' said Tomokatsu Mori, who helps oversee $7.4
billion at Fukoku Capital Management Inc. in Tokyo. ``I don't
see the logic as to why Japanese banks are being asked to save
the financial system when they've had very little to do with the
subprime problem.
