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Politics

Billions of yen lie fallow at Japan's public-private funds

Born of lavish Abenomics budgets, they struggle to find projects to back

Gurunavi dissolved its investment partnership with A-FIVE without funding any project.
HIROSHI SAGIMORI, YUTA SAITO and MARI ISHIBASHI, Nikkei staff writers | Japan

TOKYO -- Public-private investment funds formed under Prime Minister Shinzo Abe are awash in unused cash, with lavish budgets far outstripping actual demand, creating a struggle to find projects to back.

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