TOKYO -- Japan's largest public-private fund has suspended operations after a feud over executive compensation morphed into a more fundamental dispute over government's role in venture investment, leading to the resignation of nine board members.
Japan Investment Corp. President Masaaki Tanaka announced his resignation Monday, along with eight other nongovernment directors. The 2 trillion yen ($17.7 billion) fund, created less than three months ago, will suspend fresh investments.
