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Fidelity Hopes to Triple Assets in Japan by 2010

Fidelity Investments Japan's new president is very optimistic that market will surpass the United Kingdom to become Fidelity's No. 1 overseas market by 2010. Thomas Balk told Dow Jones he hopes the triple assets from three trillion yen to 10 trillion yen by 2010.

Risk-averse Japanese continue to invest most of their 1.4 quadrillion yen in cash and deposits which leads Balk to his plan to pursue those assets primarily through bank channels and by partnering with Japan's postal system, which holds 200 trillion yen.

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