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. Overseen by the Ministry of Economy, Trade and Industry (METI), the campaign will woo private investors later this year to hit an eventual target of $600 million. It’s unfortunate that the name of a campaign to showcase creative originality strongly echoes Cool Britannia, the pop-cultural flowering that took place in the U.K. in the 1990s, but it’s early days for Tokyo’s own soft-power push. Naturally, there’s a bottom line. Creative content, says Mika Takagi of METI’s international-economic-affairs division, will “help sell goods.” One inspiration, she suggests, is South Korea. In 1998, according to METI, the South Korean government invested $500 million into a cultural-promotion fund. Fifteen years later, its artists dominate the pop-music charts in Asia, its television and movie titles are top sellers throughout the region, and the whole world knows a South Korean rapper named Psy. Even better, South Korean goods — think of Samsung phones or Hyundai cars — have become global successes, with an image that’s modern, young and fun.
