Monogatari Unyu receives strategic investment from Jiji Press
The capital and business alliance pairs international news distribution with Japanese craft product development and sales.
Jiji Press has invested in Monogatari Unyu as the companies establish a capital and business alliance. Financial terms were not disclosed.
Jiji Press president Katsuhiko Sakai has joined Monogatari Unyu as an outside director. The partnership will combine the news agency’s distribution networks with Monogatari Unyu’s product development, ecommerce and overseas marketing capabilities.
The companies plan to develop new ways to introduce Japanese traditional culture and manufacturing to audiences and customers abroad. Monogatari Unyu works with craftspeople and makers to turn local products and their cultural background into offerings for international markets.