According to a report by Japan's “Asahi Shimbun” on August 21, in view of the huge losses recorded by the “Overseas Demand Development Support Organization”, Japan's Ministry of Economy, Trade and Industry has begun coordinating the abolition of this agency. The report said that the Ministry of Economy, Trade and Industry has decided not to include the budget related to the agency in the financial investment and financing plan for the next fiscal year. Allegedly, the Prime Minister's Office also agreed with the Ministry of Economy, Trade and Industry's decision and intended to approve it. If the agency is abolished, some of the funds previously invested by the government may not be able to be recovered. The “Cool Japan” organization was established in 2013 as an important policy during Abe's tenure to promote Japanese culture overseas. A company funded by the agency has also developed a theme park in Okinawa. However, since its establishment, the “Cool Japan” organization has been criticized for lacking “vision” in project selection. By the end of fiscal year 2025, the agency had accumulated losses of 54 billion yen. The Ministry of Economy, Trade and Industry has begun holding expert seminars on mergers and restructuring matters, and it is expected that conclusions will be reached before the end of the year.

According to a report by Japan's “Asahi Shimbun” on August 21, in view of the huge losses recorded by the “Overseas Demand Development Support Organization”, Japan's Ministry of Economy, Trade and Industry has begun coordinating the abolition of this agency. The report said that the Ministry of Economy, Trade and Industry has decided not to include the budget related to the agency in the financial investment and financing plan for the next fiscal year. Allegedly, the Prime Minister's Office also agreed with the Ministry of Economy, Trade and Industry's decision and intended to approve it. If the agency is abolished, some of the funds previously invested by the government may not be able to be recovered. The “Cool Japan” organization was established in 2013 as an important policy during Abe's tenure to promote Japanese culture overseas. A company funded by the agency has also developed a theme park in Okinawa. However, since its establishment, the “Cool Japan” organization has been criticized for lacking “vision” in project selection. By the end of fiscal year 2025, the agency had accumulated losses of 54 billion yen. The Ministry of Economy, Trade and Industry has begun holding expert seminars on mergers and restructuring matters, and it is expected that conclusions will be reached before the end of the year.