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Japan looking to boost lagging space-related industry

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An H2A rocket blasts off from the Japan Aerospace Exploration Agency's Tanegashima Space Center in Kagoshima Prefecture in March.   © Kyodo

TOKYO -- The Japanese government is taking steps to encourage businesses to enter the space-related industry, such as satellite launching and operation, through its newly-established basic space policy plan and a set of new bills designed to ease regulations.

     The move comes as Japan's domestic space-related market lags far behind U.S. and European counterparts. The government aims to tap into dormant private-sector demand and develop the industry into another pillar of its growth strategy.

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