TOKYO -- As Japanese universities fall further in global rankings, the government is launching a new 10 trillion yen ($91 billion) endowment fund designed to help them better compete with top institutions around the world.
Education
Japan bets on $90bn fund as universities lose ground to West
Lackluster global rankings push government to help institutions regain edge
Keio University, one of Japan's top universities, has less than 2% of the endowment of Harvard University. © Reuters
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