Japan should utilise dormant bank accounts for 'impact investment', says GSG chief

Ronald Cohen, global chairman of Global Steering Group. Photo: Priyanka Parashar/Mint

Japan should tap unclaimed money from dormant bank accounts to promote investment for social good, Ronald Cohen, a pioneering venture capitalist who chairs the Global Steering Group for Impact Investment (GSG), said.

The concept of impact investment has gathered momentum globally, Cohen said, as cash-strapped governments look for money from the private sector to tackle issues such as child welfare and caring for the elderly in an ageing society.

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