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December 7th, 2004
Japanese tech banks on 'cool factor'
If the country's economic turnaround lasts, many Japanese companies hope to grow revenues in a different direction - specifically, in emerging technologies. For instance, Japan's government will invest roughly $900 million in nanotechnology research this year, as much as all of Europe and nearly as much as the United States, according to the National Science Foundation, though the economies (and populations) of the United States and Europe are substantially larger.
"We want to be on the front end of the commercialization of nanotechnology," said Jun'ichi Sone, general manager of NEC's Fundamental and Environmental Research Laboratories.
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