Key facts
- The Cool Japan Fund has accumulated total losses of 54 billion yen ($334 million).
- The fund is government-backed and aims to promote Japanese cultural exports.
- Mounting losses have led to discussions about the fund's future effectiveness.
The government-backed Cool Japan Fund has reported total losses amounting to 54 billion yen, equivalent to $334 million. These results have reignited discussions regarding the efficacy of Japan's 'soft power' initiative and cast doubt on the fund's future. The fund was established in 2013 to promote Japanese cultural exports.