TOKYO -- Japan's Government Pension Investment Fund, one of the world's largest institutional investors, will begin investing in Japanese startups in order to give the sector a boost, Nikkei has learned.
The GPIF's investments in startups are expected to run to tens of millions of dollars. The move could serve as a magnet for other pension money and give momentum to the development of Japanese startups, which have lagged behind those in the U.S., China and other countries, observers say.
