KKR says investing in Japan their “highest priority”

Private equity group KKT focusing on opportunities in Japan, saying felt more comfortable investing in Japan than in China.

• corporate Japan is now in a phase of fundamental change
• improved governance and transparency had the momentum to survive beyond Abe's time as prime minister

"This [Japan] is our highest priority right now other than the US . . . this is the best value today. If you look at value to price of stock and cost of capital, it's here," said Henry Kravis.

Report is via Financial Times, more here (gated)