Blackstone eyes $10bn in Japan deals amid buyout fund influx

TOKYO -- Western private equity giants like Blackstone are set to sharply ramp up spending in Japan over the next few years, seeing opportunities for high returns in a market with favorable factors including the weak yen.

Blackstone aims for 1.5 trillion yen ($9.6 billion) in deals in Japan through 2027, President Jonathan Gray told Nikkei. This would be on a par with the total amount it has invested in the country since it began operating here in 2007, packed into three years.