Japan's Industry Ministry is considering ending the Cool Japan Fund following cumulative losses of ¥54 billion in fiscal 2025.
The Ministry of Economy, Trade and Industry is reviewing options to scrap the Cool Japan Fund. This step follows the fund's reported losses totaling ¥54 billion for the fiscal year 2025.
The plan to end the fund remains under consideration as of the latest reports. No final decision has been announced.
Japan has introduced a multiyear framework to support budget reforms. The mechanism is expected to begin next fiscal year.
Reported by AI
Japan has unveiled a $2.3 trillion investment plan spanning the next 14 years. The roadmap marks a key step in Sanae Takaichi's effort to shape the nation's growth strategy.
A proposed cut in Japan's consumption tax on food and beverages could reduce annual incomes for about 800,000 small and medium-sized farms by more than 300 billion yen, according to an estimate from Mitsubishi Research Institute.
Reported by AI
Following its May 1 intervention that propelled the yen higher, Japan's Vice Minister of Finance Satsuki Katayama stated on May 5 that the country can conduct two more interventions before November under IMF guidelines. Authorities also warned traders to stay alert as yen battles intensify.