Now that U.S. Treasuries yields are in the negative (due to inflation), does it makes sense that U.S. banks would become acquisition targets for Japanese banks who had 0% treasuries for over a decade and are finally emerging from their own crisis?
Press Release Date: September 23, 2008
The Federal Reserve Board on Tuesday announced the approval of an application by The Shizuoka Bank, Ltd., Shizuoka, Japan, to establish a branch in New York, New York. Attached is the Order relating to this action.
Disclosure: I’m only watching EWJ & FXY (turning):
The Vapors had it right in 1981: Turning Japanese.