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Politics

Abenomics tries regulatory sandbox to boost 'third arrow'

New law lets government suspend regulations easier to unleash new tech

A Toyota Mirai hydrogen fuel cell vehicle. Regulatory sandboxes may allow automakers to skip inspections before using newly developed technology in driving tests.

TOKYO -- Businesses should soon see Japan suspend regulations that hinder experimentation with next-generation technologies, after lawmakers approved a government plan to stoke productivity and private investment.

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