Pension giant GPIF to invest in Japanese startups for first time
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...