Asset Management One CEO Says Non-Japan Funds to Double by 2028

Mizuho Financial Group Inc.’s money management arm expects strong demand from overseas investors looking to Japan to drive asset growth in the coming years.

Asset Management One Co. Chief Executive Officer Noriyuki Sugihara says the firm’s non-Japan component of its roughly $510 billion has the potential to double within two years. It currently sits as a “single digit percent” of the total, he said.