Cool Japan Fund, a public-private fund that seeks to expand Japanese culture internationally, has been a failure for years since its 2013 founding.
In the recently released end of year report for fiscal year 2025, the fund racked up debts of ¥54 billion. Due to this massive loss, Cool Japan Fund looks to be on the brink of death.
Ryosei Akazawa, the Minister of Economy, Trade, and Industry of Japan, said in a press conference earlier this month that if the fund’s deficit continues to grow, that “we will consider concrete steps based on the premise of integrating with other organizations or abolishing the fund.”
There are now plans to set up a study group in July to determine the future of Cool Japan Fund.
