Japan to Abolish Cool Japan Fund
Japan's government is moving toward abolishing the Cool Japan Fund, a public-private investment vehicle created to support the overseas expansion of Japanese anime, food culture and other industries, after its cumulative losses reached 54 billion yen. (News On Japan)
Japan's government is considering the abolition of the Cool Japan Fund, a public-private investment vehicle established in 2013 to support the overseas expansion of Japanese cultural products and services. The fund has accumulated losses totaling 54 billion yen, prompting the Ministry of Economy, Trade and Industry to exclude funding requests for the organization in its initial budget proposals for the next fiscal year.
The government plans to announce the future of the Cool Japan Fund by the end of 2026, following an expert panel established to review restructuring or integration options.
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