Wednesday, January 23, 2008 5:25 pm | 
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Nikkei falls 5.6% as plunge continues
Tokyo stocks plunged more than 5.6 percent Tuesday with the Nikkei index closing well below 13,000 for the first time since mid-September 2005 on panic over a slowing global economy triggered by credit woes from the U.S. subprime mortgage crisis.
[THE JAPAN TIMES]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
