In November 2022, the Japanese government’s New Capitalism Realization Council adopted the Startup Development Five-Year Plan. It set the goal of raising investment in startups from about 800 billion yen to about 10 trillion yen in fiscal 2027, a tenfold increase. According to a report of his remarks, Prime Minister Kishida Fumio said the aim was to create 100 unicorns and 100,000 startups.