VCs' funding capacity for Japan startups soars to record $9.7bn

Year-end total of 'dry powder' cash reserves has risen by seven times in decade

20240129 Tokyo file photo

Big funds for Japan are being established because promising startups have been fostered there. Low interest rates and expectations of favorable effects from policy measures have also contributed. (Photo by Konosuke Urata)

KENJIRO SUZUKI, Nikkei staff writer

TOKYO -- Venture capital available for investment in startups in Japan reached $9.7 billion at the end of 2023, up about 10% from a year earlier and the largest year-end amount ever, according to the British research firm Preqin.

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