Japan's Banks Are Shopping Around

With fewer subprime worries, they're in buying mode. First, Mizuho's big Merrill buy-in; now, Sumitomo Mitsui's reported stake in Barclays
Getty Images

A feature of the subprime-fueled financial crisis that has engulfed many of world's banks in recent months has been the stability of Japan's banks. Unlike Western rivals, Japan's banks have posted relatively small subprime-related losses, prompting some skeptics to suggest the Japanese were repeating the sins of the 1990s and hiding losses (BusinessWeek.com, 2/21/08).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.