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When the boot's on the other foot

It was not so very long ago that the Americans were agonising about the Japanese buying up great swathes of US commerce, and the Japanese would pass the time calculating whether the Emperor's gardens were worth more at constant real estate prices than the whole of California.

Anyway, Matsushita, owner of JVC, Panasonic and Technics (inter alia) looks to be on the verge of selling its majority shareholding in JVC to US fund Texas Pacific. This, apparently, 'will be the first major acquisition of a Japanese consumer electronics maker by a foreign investment fund'.

Hasn't the Japanese equivalent of the TUC told them that investment funds are in league with Satan?

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Anonymous Anonymous said... 11:18 am

How the tables turn....hopefully this will give heart to the great American consumer: I see the papers this week have had plenty on how the US economy is on the verge of, if not already in recession.  

Anonymous David Allen said... 11:19 am

anonymous above is me, btw. Clicked the wrong button...  

Blogger Croydonian said... 11:28 am

Maybe they will rename it the America Victor Corporation....

And happy birthday Mr A.  

Blogger CityUnslicker said... 11:49 am

When the Japs did this binge of buying up Amercian assets in the 80's it all went terribly wrong; they ended up with a 10 year depression.

I wonder if this may now herald the reverse position.  

Anonymous verity said... 1:18 pm

"Hasn't the Japanese equivalent of the TUC told them that investment funds are in league with Satan?"

What difference would it make? There is no Satan in Zen.  

Blogger Croydonian said... 1:35 pm

Terrible jokes dept:

A Zen master goes up to a hot dog vendor and says - 'Give me a hot dog with everything'.  

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