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Business trends

Cool Japan and other state-backed funds hit by huge losses

Poor management identified as a key cause for underwhelming performance

Some of Japan's major public-private funds like Cool Japan and A-Five are struggling to make up losses on their investments. (Source photos by Kyodo and screenshot of A-Five website)

TOKYO -- Kunihiko Ono, president of Kyoto-based farming startup Sakanotochu, had a problem that many executives face: jittery investors.

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