Cool Japan Organization with large deficit Ministry of Economy, Trade and Industry reveals performance improvement plan

The Ministry of Economy, Trade and Industry, which has jurisdiction over the Cool Japan Organization, a public-private fund established to support the overseas marketing of Japanese culture, has posted a large deficit and has revealed plans to improve its performance. Did.

However, some experts strongly point out that if results are not achieved, consolidation should be considered.

The government has invested more than 100 billion yen in Cool Japan Fund, but the performance of investees, such as companies that distribute content overseas, has declined, and as of the end of last year, the cumulative deficit was 30.9 billion yen. it is continuing.

Under these circumstances, the Ministry of Economy, Trade and Industry, which has jurisdiction, reported on the 22nd of its efforts toward a drastic review at a council of the Ministry of Finance that discusses the government's fiscal investment and loan.

According to this, we will strive to secure excellent human resources by introducing a system that allows employees to invest their own funds in the projects they are in charge of, and by introducing a system in which profits are returned. We hope this will lead to improved performance.

In response to this, the members of the council made harsh comments that Japan's finances are not so good as to invest in funds that continue to be in the red, and that if results are not achieved, consolidation and abolition of the organization should be considered.

Public-private funds under the jurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism and the Ministry of Agriculture, Forestry and Fisheries are also recording large deficits, raising questions about how they should be managed.

Cool Japan Organization "Work hard"

In response to the Ministry of Economy, Trade and Industry's plan to improve its operations, Cool Japan Fund said, "We take the comments seriously and will steadily implement the plan for this drastic review, and we will continue to improve our investment plan. I will do my best to achieve this,” he commented.