Prime Minister Fumio Kishida has said he’ll create a route to allow funds to flow from the Government Pension Investment Fund — the world’s largest of its kind — to startups and venture capital.
In a Tuesday evening meeting on his administration’s "new capitalism" policies, he added that he would seek to attract individual and foreign investments in startups. Kishida plans to review the country’s IPO process to ensure that startups have access to sufficient funds, he said, and create campuses for such new businesses.
He didn’t provide details on the funding path involving Japan’s GPIF, the investment performance of which can be a political issue in one of the world’s most graying societies.