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Economy

Japan to step up funding of practical research

TOKYO -- With scientists from Japan receiving the Nobel Prize in physics for developing blue LEDs, the government intends to divert more money toward research that leads to products, including assistance to small and midsize businesses.

     Blue LEDs are now widely used in lighting and electronic devices, and their contribution to energy conservation and society in general has been recognized around the world. This has led to an effort to address Japan's weakness in turning its basic technologies into actual products and production techniques.

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