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Science

Japan to set up $450m fund to subsidize young scientists

About 700 researchers will each receive $64,000 a year for up to a decade

Universities will also receive subsidies to help them improve their laboratories and other facilities. (Photo by Ken Kobayashi)

TOKYO -- The Japanese government will set up a fund of about 50 billion yen ($458 million) to provide young researchers with financial security and kick-start a new round of technological innovation.

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