Impact Policy Tracker Policy

Japan Network for Public Interest Activities (JANPIA)



Launched in 2019, JANPIA -Japan’s impact investment wholesaler- is responsible for directing dormant assets towards social good and strengthening the ecosystem of nonprofits and social enterprises addressing the country’s most urgent challenges. Since its inception, it has allocated approximately USD 18.7 million in grants, complementing national and local government funding and encouraging private sector engagement. As of February 2024, 279 Fund Distribution Organisations (FDOs) had supported over 1,073 organisations across all 47 prefectures. With over half of Japan’s charitable organisations concentrated in urban areas, JANPIA has played a key role in reaching underserved local communities.

JANPIA was established under the 2016 Dormant Deposit Utilisation Act, which enabled unclaimed bank assets to be repurposed for public benefit. Each year, approximately USD 816 million in dormant deposits feed into the Dormant Utilisation Fund (DUF), which JANPIA has managed since 2019. The model was inspired by the UK’s Big Society Capital, the first impact wholesaler globally, launched in 2012.

Highlights

  • Tackling Japan’s Most Pressing Social Challenges: JANPIA’s efforts are explicitly aimed at addressing Japan’s unique and urgent social challenges. Its funding focuses on eight priority themes identified as “social issues that should be preferentially solved” within three key areas: children facing disadvantage, young people facing challenges such as unemployment or lack of education, and at-risk youth. Beyond youth-focused priorities, JANPIA supports initiatives that help people grappling with employment difficulties, social isolation, discrimination, and barriers to economic independence, especially vulnerable women and single mothers. Additionally, In response to regional population decline and inequality, JANPIA also funds projects that promote job creation, community safety, and revitalisation.

  • Integrating Impact Investment: Recognising the need to further strengthen the social sector and attract private investment, Japan amended the Dormant Deposit Utilisation Act in June 2023, allowing JANPIA to integrate impact investment into its funding model. This expansion marks a significant policy milestone, as it enables dormant assets to be used not only for grants but also to catalyse sustainable, long-term impact through investment. Building on its existing priorities, JANPIA’s new impact investment scheme will enhance its capacity to fund sustainable, long-term solutions and JANPIA’s ability to build an autonomous and sustainable ecosystem.

Government’s Role:
Market Facilitator


Country:
Japan

Policy Type:
Government-enabled Wholesale Funds

Year: 2019

Responsible Institution:
Japan Network for Public Interest Activities (JANPIA)

Additional information:
Japan's Social Impact Bonds: A New Model for Public-Private Cooperation
Impact Investment Wholesalers and Fund-of-Funds Design: Insights from the GSG Impact Partnership