Pension giant GPIF to invest in Japanese startups for first time

Move by big-name investor highlights Japan's belated effort to grow ventures

Jul 04 (Nikkei) - Japan's Government Pension Investment Fund, one of the world's largest institutional investors, will begin investing in Japanese startups in order to give the sector a boost, Nikkei has learned.

The amount of the GPIF's investment in startups is expected to total several tens of millions of dollars. The move could serve as a magnet for other pension money and give momentum to the development of Japanese startups, which have lagged behind those in the U.S., China and other countries, observers say.

It is the first time that investment by the GPIF in a startup fund has been disclosed. Mitsubishi UFJ Trust and Banking, which is responsible for managing some of the GPIF's funds, has signed an agreement to invest in a startup fund run by Globis Capital Partners at the end of May.

Globis, launched in 1996, calls itself Japan's first full-scale "hands on" venture capital firm. Its investments include online flea-market operator Mercari and eyewear retailer Visionary.

Globis has already pulled in 50 billion yen ($370 million) in investor money for the fund and aims to expand its size to 70 billion yen by the end of the year as it looks for investment opportunities in sectors such as manufacturing, medical services and construction. ...continue reading

Do Bears Prefer Acorns or Berries?

Bear sightings across Japan have already climbed to nearly twice the level recorded during the same period last year, prompting entry bans in mountain areas behind Kyoto’s Ninna-ji Temple and the cancellation of hiking events in Kansai, while new research suggests that the key to reducing encounters may lie in understanding what bears eat in each region.

Copper Thieves Target Japanese Shrines

Copper roofing panels were stolen from several shrines in Hamamatsu, Shizuoka Prefecture, including a city-designated cultural property, in the latest case amid a nationwide surge in copper thefts targeting shrines and temples across Japan, where soaring metal prices have fueled crimes that leave historic religious buildings damaged, exposed to the elements, and facing repair costs of millions of yen.

1200-Year-Old Temple on Miyajima Reduced to Ashes

Flames broke out on the morning of May 20th on Miyajima Island in Hiroshima Prefecture, home to one of Japan's World Heritage sites, destroying Reikado Hall near the summit of Mount Misen.

From Bento Boxes to Garbage Bags, Rising Costs Hitting Daily Life Across Japan

Uncertainty surrounding the situation in the Middle East is beginning to affect daily life in Japan, as concerns over crude oil supplies spread to restaurants, cleaning services and even household garbage disposal systems across the Kansai region.

Tochigi Robbery-Murder Suspect’s Wife Posted Dance Videos on Social Media

A 25-year-old woman arrested as a suspected ringleader in a robbery-murder case in Tochigi Prefecture once posted cheerful dance videos on social media and was remembered by those who knew her as an energetic and outgoing young woman.

MEDIA CHANNELS

MORE Business NEWS

Morinaga Suspends Sales of Long-Selling Hi-Soft Caramels Due to Middle East Tensions

The impact of tensions in the Middle East is spreading to familiar snacks in Japan, with Morinaga & Co. temporarily suspending sales of some caramel products, including its long-selling Hi-Soft brand, after difficulties emerged in securing certain raw materials.

Nikkei Surges Over 2,200 Points as SoftBank Lifted by OpenAI IPO Report

The Nikkei Stock Average rebounded sharply on May 21st after falling below 60,000 at the previous day's close, briefly rising more than 2,200 points as hopes grew for progress in talks toward ending the fighting between the United States and Iran, while SoftBank Group gave the market a major boost following reports that OpenAI was preparing to file for an initial public offering.

Japan’s Oil Imports Collapse, Down 67.2% from Middle East in April

Japan’s imports of crude oil from the Middle East plunged 67.2% in April from a year earlier, as the impact of the effective closure of the Strait of Hormuz began to ripple through the country’s trade and energy supply chains.

Quantum Technology Used to Develop New Stock Index

Sumitomo Mitsui Banking Corporation and Toshiba announced on May 20th that they had jointly developed a new stock index utilizing quantum technology.

TOTO Revamps London Showroom

TOTO, a major Japanese manufacturer of housing and bathroom equipment, reopened its showroom in London, England, on May 20th after undergoing its first major renovation in 16 years.

From Bento Boxes to Garbage Bags, Rising Costs Hitting Daily Life Across Japan

Trump Trades Hundreds of Millions of Yen in Kura Sushi USA Shares

U.S. President Donald Trump was found to have traded large amounts of stock, including shares in Kura Sushi USA, in a wave of more than 3,700 transactions over a three-month period that has sparked criticism over possible conflicts of interest.

Naphtha Shock Even Affecting Cheap Candy

As conflict in the Middle East drags on, shortages of naphtha — a key raw material used in a wide range of petroleum-based products — are beginning to affect even Japan's traditional cheap snacks, with manufacturers facing steep rises in packaging and material costs while trying to keep products affordable for children.

< 2 3 4 5 >