The uncertainty swirling around the financial crisis in the United States has sparked concerns in Japan that more bad news is on the way for exporters, consumption and the economy, analysts said Tuesday.
The U.S. House of Representative's shocking rejection of a $700 billion rescue plan Monday sent Wall Street into its worst single-day plunge — on a points basis — and triggered a 483-point selloff in Tokyo stocks Tuesday.
"The situation is getting quite serious," said Hideo Kumano, chief economist at Dai-ichi Life Research Institute. "All we can do is to wait for an amendment to the U.S. bailout plan."