Sumitomo Mitsui Trust to Double Asset in 2 Years as Demand Rises

Sumitomo Mitsui Trust to Double Asset in 2 Years as Demand Rises

Tomohiro Ohsumi/Bloomberg

Pedestrians walk past the Sumitomo Mitsui Trust Holdings Inc. headquarters in Tokyo. Sumitomo Mitsui is seeking to boost its asset management business as Japan’s real estate market started to show signs of a turnaround.