Released on: September 26, 2008, 7:48 am

Press Release Author: Peter Brice

Industry: Financial

Press Release Summary: “First Prime Group” Japanese banking giants are buying up
stakes in overseas rivals as turmoil persists.

Press Release Body: Sources close to “First Prime Group” say that news of Japanese
banking giants, Nomura and Mitsubishi UFJ, acquiring significant stakes in JP Morgan
Chase and Morgan Stanley respectively is a clear sign that Japan may be poised to
emerge from a global slowdown before the US and Europe.
“First Prime Group” has reportedly remained bullish on Japan since it emerged that
its banks were not as exposed to subprime mortgage debt as many of its global
rivals.

In a recent research note to clients, analysts at “First Prime Group” apparently
surmised that after a long deflationary slump in Japan following a catastrophic
property and equity market collapse, banks have been eager to lend but have met
resistance from a Japanese consumer more keen to save than spend. The credit crisis
has claimed Lehman Bros and Bear Stearns and left the values of remaining banks
severely discounted and Japanese rivals with an opportunity to access to more
profligate US consumers.

“First Prime Group” are thought to have been steadily acquiring stock in several
banking and residential property concerns over the past year in line with their
long-term strategic forecasts.


Web Site: http://http://www.firstprimegroup.net

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