Public-Private Fund to Bolster Tech Firms

According to Nikkei, the government plans to set up a public-private investment fund with the establishment of the fund's operating company which is set for July 27. The government will provide $820 million in capital to the operator, a stock company due to be disbanded after 15 years. The new company will also have up to $8 billion in loans guaranteed by the government. In total, about $9 billion will likely be available for investment. The public-private fund will support companies with advanced technologies in environmental protection, medical treatment, and other areas.