A 10-trillion-yen university fund set up by the government to strengthen the research capabilities of universities posted a deficit of 2022 billion yen in fiscal 604, according to a tally by the Japan Science and Technology Agency.The market was unstable due to the corona crisis and Russia's invasion of Ukraine, resulting in a stumbling block from the start.
According to the Japan Science and Technology Agency, the amount of assets under management at the end of fiscal 2022 will be 9 billion yen, and the amount of return will be a deficit of 9,644 billion yen, which is minus 0.6% of the principal.The valuation difference due to the market valuation of the assets held was a deficit of 604 billion yen.
From 2024, the university fund will be the source of funding for universities certified as international universities for excellence. This is the first time that the operation will start in fiscal 2021 and the performance results will be announced on an annual basis.The Japan Science and Technology Agency has set a goal of achieving annual revenue of 2026 billion yen by the end of fiscal 3,000.
The long-term investment target is determined as the level of 3% of funding to universities plus the long-term inflation rate.The long-term inflation rate rose from 1.38% initially to 1.49%, and the investment target is 4.49%.By the way, the annual average pension investment performance from 2001 to 2022 of the Government Pension Investment Fund (GPIF) is 3.60%.Many overseas university funds are aiming for 5% or more, and opinions are divided as to whether the target of 4.49% is considered high or appropriate.
The amount of subsidies will be determined by the government, taking into consideration the financial situation of the university fund, based on the gross profit for the current term of 742 billion yen on the profit and loss statement minus the cumulative deficit of 62 billion yen in the previous fiscal year.
It is expected that one or two international universities for outstanding research will be accredited by this fall.Applications for accreditation were received from 1 universities across the country, and an expert panel of the Ministry of Education, Culture, Sports, Science and Technology carefully examined the contents, and by the end of June, three universities, the University of Tokyo, Kyoto University, and Tohoku University, had been narrowed down as candidates.
In addition to the 10 trillion yen fund, the Ministry of Education, Culture, Sports, Science and Technology has created a new fund in the second supplementary budget of 4, and the success or failure of future operation will affect university research and capital investment. it is conceivable that.
〈New fund to be established in the future〉
●Continuous support from funds to strengthen the functions of universities and technical colleges that are driving growth fields ¥3002 billion
Project to promote strengthening regional core/unique research universities 1498 billion yen
Advanced international joint research promotion project 501 billion yen
● Fundamental strengthening of creation of university-originated startups ¥988 billion
reference:[Japan Science and Technology Agency] FY2022 Operational Review - Operational Status of University Funds - (PDF)
[Ministry of Education, Culture, Sports, Science and Technology] FY4 Ministry of Education, Culture, Sports, Science and Technology Second Supplementary Budget Project-by-Project Documents (PDF)
