Japan¡¯s industry ministry plans to establish a council to consider abolishing loss-making Cool Japan Fund, a public-private fund aimed at promoting Japanese culture and products overseas, or merging it with another fund, informed sources have said.
The plan is being considered after Cool Japan Fund reported Wednesday that its cumulative losses reached ?54 billion in fiscal 2025, which ended in March, compared with a target cumulative losses of ?42.6 billion.
In fiscal 2025, Cool Japan Fund logged a net loss of ?15.6 billion, against a profit of ?1.4 billion in the previous year, while investing in 11 projects.
¡°We take the failure to achieve the target seriously,¡± said Kenichi Kawasaki, Cool Japan Fund president and CEO, in a statement.
Established in 2013, the fund, which is supervised by the industry ministry, has invested a total of ?204 billion in 83 projects.
In 2022, it decided to provide ?8 billion to a company operating Junglia Okinawa, a large-scale nature-themed amusement park that opened in Okinawa in 2025.
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