The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

The women catalyzing Japan’s ESG boom

Four high-profile businesswomen in Japan are focusing on bringing big changes to the country’s ESG market.

Eriko Suzuki, Miwa Seki, Kathy Matsui and Yumiko Murakami are behind Japan’s newest VC fund

It’s got all the makings of a Netflix hit series: four businesswomen, who spent two decades urging Japan Inc to respect female talent, put their money where their mouths are. But this is the real-life proposition that MPower Partners, Japan’s newest, buzziest venture capital fund, is bringing to a boardroom near you.

The heroine of this production is Goldman Sachs alumnus Kathy Matsui: with her “Womenomics” reports, published between 1999 and 2020, Matsui almost single-handedly willed into Tokyo’s consciousness the need for gender diversity.

Women hold just 10.7% of board positions at listed Japanese companies – well below the 26.7% average of the OECD’s 37 members.

The MPower plot is much thicker than that. The startup is making the case that Japan’s sudden embrace of environmental, social and governance, or ESG, values, needs to be more tangible than rhetorical. And Matsui’s co-stars in the venture bring their own considerable expertise to bear.

Take MPower partner Yumiko Murakami, another former Goldman executive.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree