HOME > NATION > Article

Text Size

small

medium

large


Japan to Up Annual Investments in Startups to 10 T. Yen

Japan to Up Annual Investments in Startups to 10 T. Yen

   Tokyo, Nov. 24 (Jiji Press)--The Japanese government Thursday disclosed a target of boosting annual investments in startups in Japan to 10 trillion yen in fiscal 2027 from the current 800 billion yen.
   The target is included in a draft five-year plan to nurture startups presented at a meeting of a subgroup of the government's Council of New Form of Capitalism Realization.
   To achieve the target, the government will provide tax incentives and support fund provisions.
   "We'll make Japan Asia's biggest startup hub" by implementing the plan, Prime Minister Fumio Kishida told the meeting.
   According to the draft, Japan will aim to increase the numbers of startups and so-called unicorns with a valuation of at least 1 billion dollars by over 10-fold from the current levels to 100,000 and 100, respectively.

To read a full story, please click here to find out how to subscribe.

NATION

HEADLINES

POLITICS
Japan's Revised Law Lifts Ban on Urban Drone Flights outside Visible Range
ECONOMY
Tokyo Stocks (Closing): Nikkei Average 27,820.40 (+42.50)
SPORTS
Fred McGriff, Who Hit 493 Career Home Runs, to Become MLB Hall of Famer in 2023
OTHER
Highly Pathogenic Bird Flu Hits Aichi Pref. Farm; 310,000 Chickens to Be Culled

AFP-JIJI PRESS NEWS JOURNAL


Photos