Cool Japan Fund Inc.

Overview / Policy implications

Cool Japan Fund Inc. (CJF) has decided to invest 40 million USD in Trusty Cars Ltd. (Carro), a company that operates an online automotive platform whose businesses include wholesale auction houses, online auto retail, aftersales workshops, digital insurance, automotive fintech and mobility services across Asia Pacific.

Through this investment in Carro, CJF aims to boost demand for used Japanese cars in Asia Pacific and reinforce their value by showcasing Japan’s advanced automotive technologies, including hybrid systems, fuel cell innovations, and superior safety features. CJF will help expand the demand of new Japanese vehicles and further stimulate overseas demand for Japanese cars.