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Startups & Venture·October 9, 2026·1 min read

Japan Deal Drought Cuts IPO Fundraising to Lowest in 14 Years

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Japan’s IPO window is effectively closed for non-AI stories—regulators and investors are filtering hard for growth narratives tied to AI. If you’re a Japan-focused operator, assume private capital and strategic partnerships, not public markets, will fund your next phase unless AI is central to the thesis.