TOKYO -- BlackRock, the world's largest asset manager, is ramping up its pension business in Japan with six outsourcing investment deals with NEC and other companies to handle a total of 2.5 trillion yen ($16.7 billion) in assets.
BlackRock, along with Goldman Sachs and pensions consulting firm Mercer -- the world's three largest asset management outsourcing companies, with a total of more than $1 trillion in assets under management -- all look to expand business in Japan.
