Japan mutual funds to gain access to unlisted startup shares

Industry change seen benefiting retail investors and fledgling companies alike

20240214N Tokyo highrise buildings

Allowing mutual funds to invest in unlisted shares would give Japanese startups access to a broader base of investors before going public. (Photo by Konosuke Urata)

MASAYUKI SHIKATA, Nikkei staff writer

TOKYO -- Japan's publicly traded mutual funds will soon be able to invest in unlisted shares, a move that would let retail investors buy into early stage startups and allow those startups to tap more funding.

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