...Kangyo Bank Ltd., Daiwa Bank Ltd., the Industrial Bank of Japan Ltd., Sakura Bank Ltd., Sanwa Bank Ltd., Sumitomo Bank Ltd. and Tokai Bank Ltd. The broader Tokyo Stock Price Index of all issues listed on the first section lost 8.28...

...largest percentage drop. "Nobody knows which way to go," said Tatsuya Enomoto, chief foreign exchange dealer at Sumitomo Bank Ltd. in New York. In Hong Kong, which analysts had believed was immune from the financial turmoil roiling the rest...

TOKYO -- Japan's government put its long-awaited bank bailout plan into action Friday by taking over one of the country's biggest lenders, the debt-ridden Long-Term Credit Bank of Japan. The takeover -- the first nationalization of a Japanese bank since World War II -- avoided a full-scale collapse of LTCB, which would have further eroded confidence in Japan's banking system and shaken world markets.