Japan To Bail out America?

Doron's Take:

In a move to expand out of Japan, senior sources at the “big three” Tokyo megabanks told The Financial Times today that they had readied a combined cashpile of as much as $10 billion and were open to negotiation with any struggling Wall Street bank that approached them for a cash infusion. You might ask why Japan? I think the Japanese banks are smelling opportunity here to expand overseas operations after over 20 years of operating in the strict confines of Japan's domestic market after the bursting of the Japanese bubble.