Blackstone 'excited' by corporate Japan's focus on ROE: president

Weak yen, reflation, stock rally and more drive investment upswing

20240610N Blackstone COO

Jonathan Gray, Blackstone's president and chief operating officer, cited a "rebirth of dynamism" in Japan's economy when he spoke recently with Nikkei. (Blackstone)

SHIKO UEDA, Nikkei staff writer

TOKYO -- U.S. private equity giant Blackstone is increasing investment in Japan amid a "rebirth of dynamism," including businesses being encouraged to prioritize return on equity and government efforts to promote retail investment, President Jonathan Gray told Nikkei.

Blackstone, the world's largest alternative assets manager, looks to make investments in Japan valued at 1.5 trillion yen ($9.6 billion) over the next three years, Gray said -- on par with the assets the company has accumulated since it began operating here in 2007.

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