IN my opinion, Jython is exactly what you are looking at.
It is an implementation of Python within the JVM; as such, you can freely exchange objects and, for instance, inherit from a Java class (with some limitations).
Note that, its major strength point (being on top of of JVM) is also its major drawback, because it cannot use all (C)Python extension written in C (or in any other compiled language); this may have an impact on what you are willing to do with your text processing.
For more information about what is Jython, its potential and its limitations, I suggest you reading the Jython FAQ.
