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Business trends

Japan's answer to GPS points way to $44bn in new services

SoftBank, Hitachi and more plan uses in automated driving and beyond

Japan's Michibiki satellites, equipped with special receivers, can locate people or objects on the ground with a margin of error of under 10cm. (Image provided by Cabinet Office)
Japan's Michibiki satellites, equipped with special receivers, can locate people or objects on the ground with a margin of error under 10 cm. (Image provided by Cabinet Office)

TOKYO -- Japan launched its own highly precise satellite positioning system Thursday, a move expected to generate new services worth nearly 5 trillion yen ($44.4 billion) by 2025 as players like SoftBank Group, Mitsubishi Electric and Hitachi plan applications in automated driving, farming and more.

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