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Japan's top business lobby wants to see 100 unicorns by 2027

Keidanren calls for new agency dedicated to promoting startups

A shelf-stacking avatar robot from Japan's Telexistence. Keidanren is urging the government to lower hurdles for new startups and step up investment.   © Reuters

TOKYO -- The Japan Business Federation, or Keidanren, aims for the country to become home to 100 unlisted startups worth $1 billion or more by 2027 under new recommendations to the government announced Friday.

Japan now has around 10 of these so-called unicorns. Successful startups are helping to build a positive cycle of economic growth overseas, said Tomoko Namba, a Keidanren vice chair.

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