Just as Washington shuts its stimulus chest, and with the economies of Europe tightening their purse strings in times of austerity, Tokyo’s wallet is suddenly very fat and visible. The object of its lavish spending this time is culture. Japan’s upper house gave final approval on June 12 for a $500 million, 20-year fund to promote Japanese culture overseas. Called Cool Japan, the multidisciplinary campaign is designed to plug everything from anime and manga to Japanese movies, design, fashion, food and tourism.
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