Cool Japan Led by Ex-Carlyle Manager Promotes Sushi to J-Pop

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From sushi and ramen noodles to manga comics and pop music, Japan is promoting products it deems cool through a state-backed fund led by a former Carlyle Group LP manager.

Cool Japan Fund Inc., which was formed last week with 57.5 billion yen ($560 million), is considering buying television channels and investing in retail property abroad to showcase the nation’s cuisine, fashion and animation, Chief Investment Officer Koichiro Yoshizaki said in an interview on Nov. 28.