Japan's University Endowment Fund to spur other institutions
Japan’s University Endowment Fund to spur other institutions Government is hoping to foster U.S.-style funds at country's universities Bloomberg The giant ¥10 trillion ($91.1 billion) University Endowment Fund that Japan plans to launch in March to reverse a downtrend in the country's output of cutting-edge academic research will also promote the emergence of U.S.-style endowment funds as a key component of Japanese university finances, government officials say. The ambition is more than just managing the ¥10 trillion the government has pledged for the fund, said Sho Ito, the Tokyo-based ...