Cool Japan Fund faces uncertain future after falling deeper into the red

Media & EntertainmentContent-focused investment fund suffers from scattershot approachA ceremony to commemorate the launch of the Cool Japan Fund in November 2013. © KyodoHAJIME TSUKADA and MAYUMI HIROSAWAJuly 21, 2026 06:52 JSTTOKYO -- Japan's Ministry of Economy, Trade and Industry could begin talks this month on restructuring or eliminating the Cool Japan Fund, a public-private investment fund that has struggled with its mission to promote Japanese content overseas.