Monday, October 6, 2008

The big boys are back

About 10 years ago, Japan was a bad country on the field of finances, now they are working on their comeback on the financial world market. Some big companies are engaged in buying shares of big American banks. Nowadays it's easy for the big Japanese banks to buy shares of banks or even the whole bank because of the bad situation on the financial market in Europe and Amercia.
The Japanese banks are well known in their own country but for us they are still unknown.
In every take over you have a little bit problems even in this case because Japan and Amercia have two different cultures. But the thing that Japanese banks can do best is to deal with hard and difficult situations and now they have to prove it.

I found it a good strategy of the Japanese banks to buy as much shares and banks in America (maybe in Europe) as they can because now they have to pay less for everything and the banks in America are more or less out of the problems. I hope for the Japanese banks and also a little bit for the American banks, that they can help the Americans and don't become a bad player on the market again. Because then there will be a bigger disaster than now. But I hope that they do not take over my bank because I don't trust them, I can't explain why I don't trust them but it's a feeling.

source: http://www.economist.com/finance/displaystory.cfm?story_id=12306044

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