31 May 2012, Japan’s Toyota Motor Corporation announced a huge bond sell off, to raise lots of cash in case of global economic crash!

Reuters reporting that Toyota wants $2.5 billion USD to buy new equipment, however, NHK (nippon housou kyoukai/Japan Broadcasting Corporation) is reporting that Toyota needs “…to increase its cash on hand in case of contingencies stemming from the European credit crisis.”

Toyota already has $62 billion USD in cash on hand, so that doesn’t explain Reuter’s report saying they need the $2.5 billion for new equipment.   The last time Toyota sold bonds was in 2009, in response to the global credit crisis triggered by the collapse of Lehman Brothers!