Sumitomo Mitsui, on the other hand, would risk a political uproar by exercising the option.
ECONOMIST: A curious proposal by one of Japan's biggest banks
Still, some reckon that a bid could prove a politically astute move for Sumitomo Mitsui.
ECONOMIST: A curious proposal by one of Japan's biggest banks
Among other properties, Mitsui purchased the 2.3-million-square-foot tower at 1251 Avenue of the Americas in Manhattan.
Mr. Yamada says Mitsui wants to invest "in similar scale opportunities" in continental Europe.
And, as Mitsui is keen to point out, there is nothing fair about misfortune.
In a commercial for Mitsui Marine and Fire Insurance, disembodied voices discuss some awful event.
China Construction Bank and Sumitomo Mitsui are among those considering buying Rabobank's Indonesian subsidiary.
In this past quarter, for example, Japanese industrial giant Mitsui invested in smart-grid company Viridity Energy.
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The move was intended, at least in part, to boost consumers' confidence in Mitsui Mutual.
Mitsui Norin in Japan has taken out a patent to use gum to deliver an influenza vaccine.
The improvement in shipping rates is helping to bolster shares of Japan's biggest dry-bulk shipper Mitsui O.
Consider the 177, 000-square-foot office building in London's financial district that Mitsui is planning to develop with Stanhope PLC.
Itoh, Mitsui, Mitsubishi, Nippon Steel, NKK Corporation, Sumitomo Metal Industries and Kawasaki Steel Corporation, have been adversely affected.
This week Mitsui Life, a big insurer, told Reuters that it intended to sell still more Japanese shares.
In the U.S., Mitsui is moving forward with a rental-apartment building development at 160 Madison Ave. in New York.
Although difficult economic conditions still exist in much of Europe, Mr. Yamada says Mitsui will be bolder this time.
How much Tokyo-based Mitsui's investment in Global is worth has not been disclosed.
Shipping firms jumped in the region on improved investor sentiment, with Mitsui O.
Those with below-average solvency ratios included household names such as Komatsu, Mitsubishi Electric, Mitsui, Toshiba, Sony and Fuji Photo.
By offering to take on Aozora, Sumitomo Mitsui might be calculating that it is building up political, not financial, capital.
ECONOMIST: A curious proposal by one of Japan's biggest banks
Mitsui retained its ownership of the Avenue of the Americas building through the downturn and even invested millions in renovation.
Mitsui's goal is to reduce the proportion of its home-market assets to 70% of its total portfolio, from about 90% currently.
The stocks of Mitsubishi UFJ Financial Group (NYSE:MTU) are up 65% and those of Sumitomo Mitsui Financial Group (NYSE:SMFG) up 75%.
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By the second world war it had grown into Japan's second zaibatsu (after Mitsui) and diversified into everything from aeroplanes to beer.
"The scale and liquidity in Paris is good, and the timing might be right, " says Hideto Yamada, Mitsui Fudosan's managing director in Europe.
Last month, for example, RBS agreed to sell its aircraft-leasing unit to a group led by Japan's Sumitomo Mitsui Financial Group Inc.
The most advanced of them is Sakhalin Energy Investment, which brings together Mitsui and Mitsubishi from Japan, America's Marathon, and the Anglo-Dutch Shell.
Mitsui Knowledge Industry (MKI) is an example of an organization realizing the value of big data by utilizing Hadoop and an analytic database.
If the government chooses to convert, it will hold more than 50% of the shares of Daiwa Bank, Mitsui Trust and Chuo Trust.
Large trading corporations, such as Mitsubishi, Mitsui and Sumitomo, or large companies, such as DoCoMo, do make strategic acquisitions of established young companies.
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