Japanese banks to buy assets in the euro zone

With more than $6 billion in spare cash, why not?

According to a Reuters report, leaders in the euro zone may try to woo Japanese banks to help them overcome the EU debt crisis.

Reuters' sources noted that Japanese banks have spare cash of more than $6b and a few specific deals are on the table.

Yoshinobu Yamada, senior analyst at Deutsche Securities in Tokyo, said in the report:

"Japanese banks have been approached (by European banks) for asset sales but they don't have to hurry.They can wait. The more they wait, they can get cheaper and better deals. The next year could be a year for an offense for Japanese banks."

View the full report here.