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

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.