https://www.japantimes.co.jp/business/2023/11/13/japan-space-business-budget/

 
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November 14, 2023
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The Japan Times
BUSINESS

Japan to create Y=1 trillion fund to develop outer space industry

 
The Japan Aerospace Exploration Agency booth at the International
Space Industry Exhibition in Tokyo in February
The Japan Aerospace Exploration Agency booth at the International
Space Industry Exhibition in Tokyo in February | Kyodo
By Elizabeth Beattie and Anika Osaki Exum
staff writers
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Nov 13, 2023

The government plans to establish a new Y=1 trillion ($6.6 billion)
fund in a bid to develop the country's outer space industry, as
starry-eyed officials push to enhance Japan's capabilities.

The Y=1 trillion fund will be allocated over a 10-year period for the
Japan Aerospace Exploration Agency (JAXA), an Education, Culture,
Sports, Science and Technology Ministry spokesperson said. Some Y=300
billion has been set aside for the fund in the latest supplementary
budget approved by the Cabinet on Friday.

"We believe it is a necessary fund to speed up our country's space
development so we don't lag behind the increasingly intensifying
international competition," Sanae Takaichi, minister in charge of
space development, said in a news conference last week.

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