Cool Japan Fund to invest in green tea cafes in U.S.

April 6, 2015 9:18 AM

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TOKYO, April 6 (Reuters) - The state-linked Cool Japan Fund, comprised mostly of taxpayers' money, on Monday said it will invest about 260 million yen ($2.18 million) in a company that plans to operate upmarket green tea cafes in the United States.

The fund will own 49.9 percent of Green Tea World USA Inc which aims to open its first cafe this year in California, Cool Japan Fund Managing Director Masayuki Suzuki said at a news conference.

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