Expectations for impact investment have been increasing in Japan. The promotion of impact investment was established as a clear policy goal in the "Grand Design and Action Plan for a New Form of Capitalism, 2023 Revised Version", published by the Council for Realization of a New Form of Capitalism of the Cabinet Secretariat Council on June 16, 2023. In addition, Japan's Financial Services Agency (FSA) published a report titled "Draft Basic Guidelines for Impact Investing", and is soliciting public comments in order to summarize the basic concept and process of impact investment. In particular, non-listed startups are expected to play key roles in impact investment in Japan, as evidenced by the establishment of "J-Startup Impact" by the Ministry of Economy, Trade and Industry's (METI) and formation of the Impact Startup Association, a general incorporated association comprised of impact startups, as well as the announcement of its collaboration with the New Public Interest Association and Keizai Doyukai.
To read the full article, please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.