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Business trends

Startup funding by Japan's major companies shatters record

Corporate venture capital investment surges 91% in 2018 as more players emerge

Tokyo's Roppongi district is home to many startups. Companies are turning to outside technologies and ideas to fuel growth. (Photo by Shinya Sawai)

TOKYO -- Investment in startups by major Japanese enterprises nearly doubled in 2018 as businesses turned to outside technologies and ideas to fuel growth in a fast-changing environment.

Corporate venture capital investment totaled 133.8 billion yen ($1.23 billion) for the year through Dec. 26, up 91% from the full-year record set in 2017, according to data compiled by mergers and acquisitions advisory firm Recof.

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