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Japan's embattled state-backed fund eyes revival with new head

Former Mizuho Securities chief in final talks to run JIC's stalled operations

The Japan Investment Corp. has failed to gain traction since its transformation from a government-backed turnaround fund. (Photo by Wataru Ito)

TOKYO -- Japan's leading public-private innovation fund is in final talks to hire former Mizuho Securities President Keisuke Yokoo as its new leader, hoping to reignite investments by filling the long-empty position.

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