Yamato Life becomes 1st Japan financial firm to fail on subprime

TOKYO, Japan - Takeo Nakazono (C), president of Yamato Life Insurance Co., speaks about the company's bankruptcy at a news conference in Tokyo on Oct. 10. Yamato went bankrupt due to losses related to the U.S. subprime crisis, becoming the first Japanese financial institution to fail amid the ongoing global financial meltdown.

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Product Code
ILEA001130144

Registered date
2008/10/10 00:00:00

Credit
Kyodo / Kyodo News Images

Media source
2008 Kyodo News

Media size
1638 × 1303 pixel

Resolution
240 dpi

Deployment size
426.28(KB)*

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*File size when opened in Photoshop, etc.

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