YJ Capital, the corporate venturing arm of Japan-based internet company Yahoo Japan, and venture capital firm East Ventures have created a new accelerator named Code Republic, Tech in Asia reported on Monday.

The accelerator will be based in Tokyo, and was conceived by Ryu Hirayama, managing director of YJ Capital, and Batara Eto, co-founder of East Ventures.

The three-month scheme aims to become as big a player in Asia as Y Combinator is in the US. The two partners will…