Japan's government emerges as incubator for space industry

Ministries expand budget, buy more from locally grown startups

20240922 Space Startup JAXA H3

Japan Aerospace Exploration Agency, or JAXA, launches an H3 rocket on July 1. The government agency is also working to support private-sector space development. (Photo by Nikkei)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- The Japanese government is becoming increasingly like a venture investor in space startups, soliciting ideas, making them compete for money and investing in those with the most business potential.

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