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Japan to Lower Hurdle for Initial Funding for Start-Ups: Nikkei

Japan’s government aims to lift a requirement for entrepreneurs to pledge personal assets as security when raising initial funding for start-ups, the Nikkei newspaper reported.

The draft plan is part of Prime Minister Fumio Kishida’s so-called new form of capitalism concept, the Nikkei reported, without saying where it got the document citing the proposal. Banks and credit guarantee firms will be asked to drop asset pledging to make it less onerous for people to start businesses, the newspaper said.