• Bloomberg


A ¥10 trillion government fund to beef up research at Japan’s universities and halt a slide in international rankings will start by March 2022, the Cabinet Office said Tuesday in documents clarifying the plan’s time-line.

Seed money will come from ¥4.5 trillion ($43 billion) in public debt financing and sales of government gold reserves, with funds growing over time to ¥10 trillion, according to the documents. Most of the total will likely be funded by government debt, although universities are being encouraged to try to raise some of the money themselves.

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