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Resona Holdings Inc.’s new asset management unit, which opens for business on Sept. 16, expects to be overseeing ¥1.3 trillion by 2021 as households invest more of their savings because of near record-low interest rates.

“There’s been a strong tailwind driving the investment needs of retail customers since the launch of Abenomics,” Akihiro Nishiyama, president of Resona Asset Management Co., said in an interview in Tokyo on Tuesday. He aims to reach ¥120 billion in assets under management in the first 18 months of operation and at least ¥1.3 trillion by the end of March 2021.

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