Land of the Rising Sun Slowly Warms to Private Credit
Nonbanks face competition from Japan’s stalwart lenders
Mount Fuji and the Shinjuku skyline in Tokyo, Japan
Photographer: Kiyoshi Ota/BloombergWelcome to a bonus edition of Going Private, bringing you the highlights from the Bloomberg Global Credit Forum Tokyo, where top Japanese officials and some of the country’s biggest financial players discussed the outlook for Japan’s capital markets and its cautious embrace of private credit. If you’re not already on the list for Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Sinead Cruise
Japan’s approach to private credit has much in common with an old-fashioned courtship: slow, thoughtful and hesitant.