Japan insurers seek merger as crisis takes toll (Reuters)

Pedestrians pass a logo of Sumitomo Mitsui bank in Tokyo November 14, 2008. (Yuriko Nakao/Reuters)Reuters – Crumbling home and auto sales pushed three Japanese insurers into merger talks and Koreans plan to cut spending on children’s education, signs the global economic slump is reshaping business and lifestyles around the world.

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