{"id":511203,"date":"2026-06-25T23:27:23","date_gmt":"2026-06-25T23:27:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/511203\/"},"modified":"2026-06-25T23:27:23","modified_gmt":"2026-06-25T23:27:23","slug":"cool-japan-fund-may-be-scrapped-by-industry-ministry-after-posting-high-losses","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/511203\/","title":{"rendered":"Cool Japan Fund may be scrapped by industry ministry after posting high losses"},"content":{"rendered":"<p>Japan\u2019s 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.<\/p>\n<p>The plan is being considered after Cool Japan Fund reported Wednesday that its cumulative losses reached \u00a554 billion in fiscal 2025, which ended in March, compared with a target cumulative losses of \u00a542.6 billion.<\/p>\n<p>In fiscal 2025, Cool Japan Fund logged a net loss of \u00a515.6 billion, against a profit of \u00a51.4 billion in the previous year, while investing in 11 projects.<\/p>\n<p>\u201cWe take the failure to achieve the target seriously,\u201d said Kenichi Kawasaki, Cool Japan Fund president and CEO, in a statement.<\/p>\n<p>Established in 2013, the fund, which is supervised by the industry ministry, has invested a total of \u00a5204 billion in 83 projects.<\/p>\n<p>In 2022, it decided to provide \u00a58 billion to a company operating Junglia Okinawa, a large-scale nature-themed amusement park that opened in Okinawa in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"Japan\u2019s industry ministry plans to establish a council to consider abolishing loss-making Cool Japan Fund, a public-private fund&hellip;\n","protected":false},"author":2,"featured_media":511204,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,234652,184,85,46,18140],"class_list":["post-511203","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-cool-japan","tag-economy","tag-il","tag-israel","tag-meti"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/511203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=511203"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/511203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/511204"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=511203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=511203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=511203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}