1.   A falling yen should help a bit, though domestic industries such as construction, retailing and property will not benefit.

2.   The sharp decline was blamed on fears over the falling yen and over-valued stock prices on the Tokyo stock exchange.

3.   Another, analysts say, is that the falling yen makes investment in Japanese stocks less attractive to foreigners.

4.   As they have been for three weeks, Hong Kong stocks were battered by the falling Japanese yen.

5.   Bonds tumbled with the yen as traders bet the falling yen would tarnish the allure of yen-debt to investors who convert bond income into other currencies.

6.   A falling yen can reduce the allure of Japanese stocks, already battered by economic malaise in Asia and concern that more banks and securities firms may go under.

7.   A falling yen reduces any profits when they are translated back into U.S. dollars.

8.   A falling yen also hurt bonds, traders said.