In Focus
INVESTMENT BANKING | Staff Reporter, Japan

Japanese banks to buy assets in the euro zone

With more than $6 billion in spare cash, why not?

According to a Reuters report, leaders in the euro zone may try to woo Japanese banks to help them overcome the EU debt crisis.

Reuters' sources noted that Japanese banks have spare cash of more than $6b and a few specific deals are on the table.

Yoshinobu Yamada, senior analyst at Deutsche Securities in Tokyo, said in the report:

"Japanese banks have been approached (by European banks) for asset sales but they don't have to hurry.They can wait. The more they wait, they can get cheaper and better deals. The next year could be a year for an offense for Japanese banks."

View the full report here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.