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Rating:One of BlackRock's Great Opportunities is Japan Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 17, 2013

One of BlackRock's Great Opportunities is Japan

News summary by MFWire's editors

Larry Fink has his eye on the Land of the Rising Sun.

Madison Marriage of the Financial Times reports that, last month at BlackRock's [profile] annual shareholder meeting, its chief called Japan "one of the great opportunities in the next few years for organic growth."

"Do not discount the changes that are going on in that country in terms of the needs of investors to invest, and their need to invest in non-yen products," Fink said.

BlackRock Japan president Masato Degawa estimated that individual investors in Japan hold about $16 trillion, half in cash savings. Investors looking to diversify could be a big opportunity.

The FT notes that, according to Cerulli, BlackRock is the eighth-biggest cross-border funds provider in Japan. 

Edited by: Neil Anderson, Managing Editor

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