Quarterly venture capital investment in Japan has fallen for the first time in more than three years as investors worry about the country's exposure to a slowing Chinese economy and other risks.
When Japan Airlines Co. last month announced it was opening a $70 million venture capital fund, it was natural for skeptics to wonder: What does an airline know about investing in startups?
VC investing has become a corporate fad in Japan, with the country's biggest cigarette maker, its largest travel agent and even the post office jumping on the bandwagon.
Masayoshi Son encouraged his investments to work together, including cutting favorable deals with each other to grow faster. Son also announced that the Vision Fund had achieved a whopping 60 percent return on investment in its first year.
Positive Outlook On U.S., Japanese Credit Market Despite Headwinds | Aflac, Global CIO Eric Kirsch | Q&A, Part 1
Eric Kirsch is the executive vice president and global chief investment officer at Aflac, where he oversees the $100 billion-plus investment portfolio and investment teams based in New York and Tokyo. In part one of this interview, he discusses the nuances of leading the investment office at an insurance firm and an endowment; prepping for a turn in the U.S. credit cycle; how the new tax code positively impacts Aflac; and dealing with the fiscal and monetary headwinds in Japan.
Japan's SoftBank Group is moving stakes it holds in ride-hailing companies including Uber Technologies, Singapore's Grab and China's Didi Chuxing into its Vision Fund, consolidating its control over these companies.
Japan's SoftBank Group plans to shift more than $20 billion of its investments in top ride-hailing companies including Uber Technologies Inc, Ola, Grab and Didi Chuxing into its Saudi-backed Vision technology fund.
U.S. investment fund Blackstone Group is set to spend about $4.66 billion on corporate acquisitions in Japan over the next three to five years. The investments are in response to big companies like Hitachi and Toshiba increasingly divesting their non-core businesses in pursuit of better corporate governance and growth.
Toshiba was unable to complete the sale to a consortium led by U.S. private equity firm Bain Capital by the agreed deadline as it was still waiting for approval from China's anti-monopoly regulator. Toshiba will not use the option of canceling the $18 billion sale of its memory chip unit unless there is any "major material change" in circumstances.
Japan's financial supervisor is laying the groundwork for a regulatory overhaul that could lead to a shakeup in the nation's $10 trillion banking industry.