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.

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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