TOKYO-Blackstone is planning to make its investment debut inJapan, which will help develop the recession-hit domestic realtymarket in Japan. The firm will buy Morgan Stanley's nonrecourseloans on commercial properties in Japan.

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Blackstone is expecting to pay less than the proposed 100billion yen nominal value of the deal. The firm is also havingtalks with the Bank of America to manage nearly $2 billion ofrealty fund investments centering the markets in Asia. Forthe full story, go to Reuters.

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