‘Cool Japan’ failure: Government fund faces axe over massive ¥54 billion deficit (opens original article in a new tab)

Japan's government considers abolishing the 'Cool Japan Fund' after its deficit reached 54 billion yen, surpassing targets.

• Japanese government plans to abolish or merge 'Cool Japan Fund' due to 54 billion yen deficit
• Fund exceeded 42.6 billion yen loss target by June 2026
• Investigative panel will determine fund's future by year-end