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Rethink METI's role in Japanese innovation

Forget about the government picking winners. Foster entrepreneurs

| Japan
Masaaki Tanaka, president and CEO of the Japan Investment Corp., said it would be "impossible to rebuild a relationship of trust with the government." (Photo by Wataru Ito)

The Japan Investment Corp., the latest in a series of public-private funds in Japan, imploded less than three months after it started when its nine board members, including the CEO, resigned.

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