Japanese car makers Nissan, Mitsubishi and Suzuki skipped the Detroit Auto Show and now American car makers GM, Ford and Chrysler have announced they are skipping the Tokyo Motor Show.

Call it sweet payback or call it being fiscally responsible, it’s certainly a no brainer for the Americans to close their wallets on a market that simply refuses to buy their cars. Especially at a time when they’re asking for billions of dollars in bail out money.

Bloomberg Reports: Ford Motor Co. and Chrysler LLC said they won’t be attending this year’s Tokyo Motor Show as the U.S. automakers curb spending amid falling demand for their vehicles.

General Motors Corp., the largest U.S. automaker, doesn’t plan to attend the show either, trade publication Automotive News reported, citing GM Asia Pacific President Rick Brown.

“At this time, participating in the show is not a strategic priority,” said Ford spokesman Said Deep. “There is obviously a savings as a result of this decision.”

At least half a dozen major auto shows, where carmakers typically spend millions of dollars to display their newest models and advanced designs, have been canceled or scaled back since November, when GM decided not to hold a press conference at the Los Angeles Auto Show.

Nissan Motor Co.,Suzuki Motor Corp. and Porsche SE didn’t go to this year’s North American International Auto Show in Detroit, which opened to the media this week.

GM spokesman Scott Fosgard in Detroit couldn’t immediately confirm the Automotive News report. The trade publication said the automaker spent $2 million to participate in the Tokyo show in 2007.