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ECONOMY

First JIC fund will be several hundred billion yen

  • March 2, 2020
  • , Nikkei , p. 3
  • JMH Translation

Japan Investment Corporation (JIC) President Keisuke Yokoo said during an interview with The Nikkei that he expects the first investment fund, which is scheduled for launch as early as this summer, will total around several hundred billion yen. The fund will be appropriated to industries such as medical and space that require long-term risk investments. As for a concern the fund might be used by the government to rescue “zombie companies” that should be eliminated, Yokoi said, “We will reject all such projects that aim to rescue zombie firms.” (Abridged)

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