Fosun says timing is good for investment in Japanese firms

Fosun International, an investment group headquartered in Shanghai, is seeking investment opportunities in Japan's financial institutions, company CEO Liang Xinjun said on Sunday at a forum on bilateral ties between Beijing and Tokyo.

"Japan is under the pressure of deflation, while China is facing inflation. That means investment in a Japanese financial institution allows us to invest in China with lower capital costs," Liang said at the Beijing-Tokyo Forum sponsored by China Daily and Genron NPO, a Japanese nonprofit group.

Liang said Fosun will attempt to buy a stake in a Japanese financial institution.