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5G networks

Japan's SoftBank and KDDI to pump $38bn into 5G

Investments seen as boost to economy while country tries to make up gap

A man takes selfie in Tokyo. Japan is behind South Korea, China and the U.S. in 5G deployment.   © Reuters

TOKYO -- Two of Japan's major mobile carriers, SoftBank and KDDI, plan to invest a total of $38 billion into fifth-generation wireless networks in Japan over the next decade, Nikkei has learned, as the country looks to play catch-up in deploying the ultrafast technology.

Shifting to a new generational wireless standard involves significant capital investment. 5G technology is expected to affect a wide range of industries from internet services to the automotive sector, bolstering Japan's economy as a whole in coming years.

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