52. How a Japanese business owner panics amidst rumour-driven bank run
52. How a Japanese business owner panics amidst rumour-driven bank run
In Japan, a false rumour about a major bank's insolvency spreads rapidly online, leading to a bank run. Misinformation propagated by anonymous sources on platforms like TradeChat and MoneyBuzz creates panic among investors, including small business owner Hiroshi Takahashi.
Individual outcomes
Hiroshi faces financial insecurity.
Societal outcomes
The bank run leads to broader economic instability, affecting the national economy.
Competences involved in this scenario:
Social systems affected by this scenario:
M3. Role of media in democracy
M6. Claim verification
Financial Institutions
Regulatory Bodies
News Media