ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Japan's space industry to get private-sector boost

Public-private enterprise to solicit ideas and finance promising projects

An H-2A rocket lifts off from the Tanegashima Space Center.

TOKYO -- The Japanese government and four companies, including major trading house Mitsui & Co. and construction company Obayashi, are teaming up to develop the country's space business.

Under the partnership, the government will solicit business ideas from the private sector and the companies will provide part of the financing needed to commercialize the ideas. Some 20 million yen ($180,000) is expected to be funded by the companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more