Nikkei plunges on Takenaka's remarks

JAPAN - Stocks hit their lowest level since 1983 after Japan's finance minister said no bank is too big to fail. Investors, fearing a wave of corporate bankruptcies under the government's bad-loan solution, drove Tokyo share prices to another 19-year low Monday.

Analysts said a series of remarks made over the weekend by Heizo Takenaka, state minister in charge of economic, fiscal and financial affairs, fueled pessimism among investors already concerned about the sliding U.S. stock market.

The

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