Some M&A talk today of Japanese communications giant NTT looking to buy two American cloud computing companies in the region of Y100bn. One has been named as Virtela tech.

Activity in Japanese companies buying onto overseas firms is noted to be on the rise. In some ways Japanese companies are taking the short cut to boosting domestic demand by buying into areas that they are weak in rather than developing their own business in these areas. It’s another small thing that will keep USD/JPY supported.