TOKYO -- For many foreign asset managers, Japan can be forbidding territory. The population is aging and so cautious that Japanese generally prefer to park their cash in domestic bank accounts that pay next to nothing rather than take a chance on stocks, bonds or other investments.
Marc Rowan, chief executive of Apollo Global Management, says there is a shortage of "guaranteed lifetime income" for retirees in Japan and around the world. © AFP/Jiji
Market Spotlight
Japan's aging savers entice U.S. asset manager Apollo Global
Private credit lender looks to offer 'safe yield' products through Japanese partners
Read Next
Latest on Market Spotlight
