At least that is the story from the Nikkei this morning. After initially being up over 1%, and making its way back above 8,000 for the first time in over a month on the back of building stocks and the financials ($10bio loan deal boosts banks) it has now given back those gains and is trading in the red once more. The Australian market is holding its head above water, but only just, with RIO down 7.7% at last look.