Nissan will go bankrupt within two to three years, Carlos Ghosn told a defence attorney during more than 10 hours of interviews before the motor executive skipped bail and left Japan.

Japanese prosecutors have raided the Tokyo home of former Nissan chairman Carlos Ghosn after he skipped bail before a trial on financial misconduct charges and left for Lebanon.

Thirty years ago yesterday one of the world’s most powerful economies hit its highest point before a collapse which led to decades of deflation, stagnation and lost asset values which have yet to be recovered. Yet that country, Japan, remains the world’s third-largest economy and its ability to produce slower, but reliable, growth may hold lessons for Ireland.

Peter Jackson gets over the gain line, behind the headline.

Donal take us back to 11.02am on August 9, 1945 where an atomic bomb exploded in Nagasaki.

Helicopters, boats and thousands of troops were deployed across Japan to rescue people stranded in flooded homes as the death toll from a ferocious typhoon climbed to at least 23 with more than a dozen missing.