Aozora Bank Ltd. and Japan Asia Investment Co. Ltd. have established a fund management joint venture to support the management succession needs of small and medium-sized enterprises.
The new Tokyo-based entity, AJ Capital Co. Ltd., commenced operations on May 31 and has a capital of ¥20 million. Aozora Bank and Japan Asia Investment each hold a 50% stake in the joint venture.
Masayuki Kobayashi serves as president and CEO of AJ Capital.
As of June 6, US$1 was equivalent to ¥110.07.
