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Government weighs fate of floundering Cool Japan Fund - Nikkei Asia

Nikkei Asia LogoNikkei Asia1 mo ago

Government weighs fate of floundering Cool Japan Fund - Nikkei Asia

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The fund plans to come up with a plan to improve financial returns by the autumn, including strengthening oversight of the companies in which the fund has invested.

"Policy objectives tend to be prioritized and investment criteria and profitability are inevitably not well assessed" with government-led investment vehicles, said Sayuri Kawamura, chief economist at the Japan Research Institute.

In 2018, even before the pandemic, the Finance Ministry had listed ways to improve the fund's operations.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Food Cool Investment Cultural Japan Government Improve Exports Fund Store Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 09:05:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 4 minutes read

Article Length: 654 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 1855

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 31 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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