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BlackRock's Fink Sees Hope in Japan With New Policies

Wednesday, 20 Mar 2013 | 2:07 AM ET
AP

Japanese government policies to help kickstart its economy and ease the burden of long-term deflation are "on the right path," creating hope for the country for the first time in the past 20 years, BlackRock Chairman and Chief Executive Laurence Fink said.

(Read More: BlackRock to Lay Off Nearly 300 Employees)

It "might be the first time in a long time" that Japan can reboot itself, said Fink, who heads the world's largest asset manager, at the annual Credit Suisse Asian Investment Conference in Hong Kong.

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