KKR's Henry Kravis sees rising opportunities in Japan

Reuters

HONG KONG, Sept 16 (Reuters) - Henry Kravis, co-founder ofprivate-equity firm KKR & Co LP, said he sees risingopportunities for dealmaking in Japan as the country'scorporations become more open to foreign partnerships.

Kravis, 69, said Japanese corporations realised they werefacing a loss of status due to rising competition from SouthKorea and China.

"You see some shoots coming up, companies are becoming moreflexible," Kravis told reporters in Hong Kong on Monday in hisfirst media briefing in Asia this year.

Kravis, an early pioneer of private equity investing, wasdiscussing the New York firm's Asia strategy as it begins toinvest a record $6 billion regional fund, which officiallyclosed in July.

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