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Business

Japan Inc. looks for unicorns but sees a lack of ambition

Exponential growth seems to be easier to chase overseas

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Japanese Prime Minister Shinzo Abe shakes hands with Facebook founder Mark Zuckerberg in Silicon Valley in 2015.   © Kyodo

TOKYO -- Nations looking for new waves of economic growth are competing to nurture entrepreneurs and the companies they start. But Japan is hobbled in this race. Its culture appears risk-averse. So even though venture capital funds raised a record amount of yen last year, they didn't do much with it.

At least not in Japan.

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