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Aozora to raise 50b yen from Japan banks for real estate funds

The Tokyo bank, which targets 2-3% annual returns, says response from lenders is encouraging

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Aozora Bank Ltd will set up funds for Japanese regional lenders to invest as much as 50 billion yen (S$571.5 million) in real estate, offering potentially higher returns than loans and government bonds.

Tokyo

AOZORA Bank Ltd will set up funds for Japanese regional lenders to invest as much as 50 billion yen (S$571.5 million) in real estate, offering potentially higher returns than loans and government bonds.

The Tokyo-based bank plans to establish the funds over the three years