Reuters SG
Patience Capital Group, the Singapore-based investor behind a $1.42 billion luxury ski project in northern Japan, is in talks to reopen its fund to new investors eager to get in before tightening by the Bank of Japan. PCG's initial 35 billion yen ($237 million) fund, announced last year to transform Myoko Kogen in Japan's Niigata prefecture into a winter sports destination at par with Aspen and Whistler, may grow to 60 billion yen as new money from domestic and foreign investors piles in, said PCG founder Ken Chan. Japan is riding twin booms in investment and inbound visitors, boosted by a weak yen that makes the country a bargain for foreigners.