Asian Insider

Has Japan lost its 'cool' factor?

A fund to boost the country’s cultural exports could be scrapped after incurring big losses.

Among the high-profile failures of the Cool Japan Fund was the Japan Food Town (above) that opened at Wisma Atria. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

TOKYO - The Cool Japan Fund, a public-private investment strategy to boost the country's cultural exports, may be scrapped after incurring major losses and criticism for failing to meet its objectives.

A Finance Ministry panel is considering a proposal to restructure or even abolish the fund if it fails to improve its performance by this year.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.