Monday's bankruptcy of Lehman Brothers Holdings Inc., the fourth-biggest financial institution in the United States, sent shock waves through the global financial industry, and Japan was no exception.
"Each bank seems to have a certain amount of exposure to Lehman Brothers, and that is a negative element," said Shinichi Ina, a banking analyst at Credit Suisse in Tokyo.
According to Lehman Brothers' court filings, major financial institutions in Japan had about ¥170 billion in loans extended to the company.
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