The world turns does it not? The past week or so has brought us many news stories of Japanese companies buying stake in flailing and failing U.S. financial institutions. A buying spree, some say, reminiscent of the 80s. Well, lets hope not.
This is a time of trouble and change. Going back to the 80s won't really help us, it will only lead to this again down the road.
What is great is that Japanese companies are going to take (hopefully) a more prominent place in the world financial markets again. They have been maybe a little too quiet for the past decade or so, I think. That is why all you hear lately is China, China, China.
Sometimes, necessity is really the mother of invention. In times like these, everyone needs take chances. We might not know how it will play out in the long run, but we cannot afford to play it safe right now. These are radical times and as such, its a new game for all.
New conditions demand new solutions. Japan needs to play the new game and back up their buying into these crisis laden financial entities with new strategies and actions to better the field. I just read in the New York Times that the new Japanese Prime Minister wants to "stimulate the Japanese economy to pick up some of the slack in the global economy." Yes, please do. As the economic giant they are, they must.
Although Japan has never really gone away, its back on the playing field and its time for them to be a major player internationally once again.
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