First came the "Sony Shock."
No, not news last week that the consumer-electronics giant is cutting 16,000 jobs - the other shock. For investors, the big one came in April 2003, when shares fell 27% in two days.
Sony's woes may pale in comparison with the still developing ones at Toyota. A "Toyota Shock" may be on the way as the dollar trades around 90 yen and questions abound about a US bailout for Detroit automakers.
The difference this time is that the tough 2009 facing Toyota will be shared by Japan's $US4.4 trillion economy. It's anything but pretty.