Japan's Orix to launch buyout fund in asset management pivot, CEO says

Rising interest rates unlikely to give big boost to leasing and banking, Inoue says

20240119N Orix Inoue

Orix CEO Makoto Inoue recently spoke with Nikkei. (Photo by Kotaro Igarashi)

RIHO TAKAHASHI, Nikkei staff writer

TOKYO -- Japanese finance group Orix will expand its asset management business with a private equity fund, seeing limited earnings growth ahead for its leasing and banking segments even with interest rates expected to go up.

"If interest rates rise only 1 percentage point or so, it's hard to expect high returns," President and CEO Makoto Inoue told Nikkei.

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