TOKYO -- Japan's government-backed Cool Japan Fund, an investment vehicle aimed at promoting the country's cultural exports and boosting inbound tourism, is attracting criticism for failing to achieve its objectives.
Finance
Government weighs fate of floundering Cool Japan Fund
Cultural exports vehicle has lost $228m since its founding in 2013
The Cool Japan Fund, which opened in 2013, has posted a cumulative loss of $228 million as of the end of March. (Photo by Ken Kobayashi)
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