Tokyo, June 25 (Jiji Press)–Japan’s industry ministry plans to establish a council to consider abolishing loss-making Cool Japan Fund Inc., 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 loss reached 54 billion yen in fiscal 2025, which ended in March, compared with a target cumulative loss of 42.6 billion yen. In fiscal 2025, Cool Japan Fund logged a net loss of 15.6 billion yen, against a profit of 1.4 billion yen in the previous year, while investing in 11 projects. “We take the failure to achieve the target seriously,” Cool Japan Fund President and CEO Kenichi Kawasaki said in a statement. Established in 2013, the fund, which is supervised by the industry ministry, has invested a total of 204 billion yen in 83 projects. In 2022, it decided to provide 8 billion yen to a company operating Junglia Okinawa, a large-scale nature-themed amusement park that opened in the southernmost prefecture of Okinawa in 2025. END [Copyright The Jiji Press, Ltd.]
Cool Japan Fund Faces Potential Abolition
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