Funds Hope to Cash In on Japanese Cuisine

Funds hope to cash in on the global popularity of Japanese cuisine
Katsuura's fish market: Japanese banks and ­institutions have put at least $281 million into funds that invest in farms and fish ponds Photograph by James Whitlow Delano/Redux

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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