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Paying off the Fund will "generate freedom for national decisions", he said.
This may already be paying off: the fund boasted its second-best year ever in 2012.
Two days after the election, and two weeks before leaving office, it withdrew an impressive ¥250m.Some people might shrug off the fund as part of the old Japanese tradition of gift-giving, admittedly involving some pretty generous presents.
Foreign venture capital poured into the country, high-tech companies boomed, domestic venture capitalists learned from their foreign counterparts and the government felt able to sell off the fund after just five years.Last year Israel, a country of just over 7m people, attracted as much venture capital as France and Germany combined.
Countries that see themselves as potential crisis-victims want to shake off the fund's shackles.
If his efforts pay off, the fund will comprise businesses whose stock price will rise as the market realizes their value, while paying out a healthy income stream.
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The upper house of Parliament must still sign off on the fund, but passage there is expected to be smooth.
That hadn't stopped the auditor from signing off on the fund's 2000 results, however.
Once design plans are established, Mr. Crawford said, he planned to look for donations of $5 million or more to kick off the fund-raising.
"They want to be with a winner, and they just don't think he can pull it off," the fund-raiser said, insisting on anonymity.
I was aware that the Met was planning this renovation and that they were raising funds, and I thought this gift would help kick off the fund-raising and underscore the importance of Iranian and Persian art".
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