Funds Hope to Cash In on Japanese Cuisine
The world’s appetite for Japanese tuna, Wagyu beef, and other delicacies prized in restaurants as far away as New York and London is behind an unusual investment trend in Japan. Institutional investors and regional banks, chasing returns they hope will be as high as 7 percent, have poured at least 23 billion yen ($281 million) into about a dozen funds that invest in Japanese farms and fish ponds.
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