Most believe that the question is not whether the Japanese will become more aggressive buyers, but when.
But in this environment, the question is how aggressive any buyer will be.
"We had a lot more aggressive buyers in the 80's than we have today," he said.
Dealers said portfolio managers were among the more aggressive buyers of long-term issues.
Time Warner has also been an aggressive buyer of cable assets.
They were the most aggressive buyers in May and June.
"We would become more aggressive buyers of tobacco stocks at somewhat lower prices," he said.
And she is an aggressive buyer of new stocks, infamous for their wild rides.
In the last year, it has become the region's most aggressive buyer of weekly newspapers.
But it was an aggressive buyer in the days after announcing the deal.