Japanese investors cautious on distressed assets

Japanese limited partners (LPs) and institutions are watching the distressed-asset market but not yet committing large amounts of capital. "We expect to see more corporate distressed situations worldwide," says Hideya Sadanaga, deputy general manager of credit and alternative investments at Nippon Life Insurance. Seiji Murakata of the Development Bank of Japan's fund investment group adds: "There should be some chances" in corporate restructuring plays, despite the current high leve…