Japanese Snapping Up Wall Street Banks

Amid the U.S. financial turmoil, Japanese financial firms have been aggressive in buying assets or taking over business networks of U.S. financial institutions. Mitsubishi UFJ (MUFJ) Financial Group, Japan's second largest financial institution in terms of assets, abruptly announced it would acquire up to 20 percent in Morgan Stanley, the world's second largest investment bank.

The announcement came only a few hours after Goldman Sachs and Morgan Stanley, the last two remaining out of the five largest American investment banks, said they would turn into bank holding companies.

The takeover price will be between 400 billion yen (about W4,280 billion) and 900 billion yen (about W9,640 billion), Japanese media outlets said. MUFJ is a supersize financial group with assets of 194 trillion yen, the result of a merger of the Mitsubishi Tokyo Financial Group, Japan's second largest financial group, and UFJ Holdings, Japan's fourth largest financial firm, in 2005.

Nomura Holdings, Japan's largest securities firm, beat Barclays Group of Britain in the takeover bid for Lehman Brothers, the U.S.’ fourth largest investment bank, which has filed for bankruptcy.

This was not the first time Japanese firms have been aggressive in their bid to buy American firms. During the "bubble economy" in the late 1980s, Japanese conglomerates or large investors were busy property shopping in the U.S. and Europe. Mitsubishi Estate's purchase of the Rockefeller Center building in New York in 1989 was a symbolic incident. In a poll in the U.S. at the time, Americans said Japanese economic power was more fearsome than Soviet military power. But Japanese property shopping spree in the U.S. ended up in failure when the economic bubble burst.

Japan experienced a "lost decade" while the American economy boomed in the 1990s. But in 2007, Japanese economic growth (2.1 percent) overtook that of the U.S. (2 percent) for the first time in 15 years. Based on their restored economic power, the Japanese are back.

Cell biology

Cell biology (also called cellular biology or formerly cytology, from the Greek kytos, "container") is an academic discipline that studies cells – their physiological properties, their structure, the organelles they contain, interactions with their environment, their life cycle, division and death. This is done both on a microscopic and molecular level. Cell biology research extends to both the great diversity of single-celled organisms like bacteria and the many specialized cells in multicellular organisms like humans.

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