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Japan’s biggest tech firms to sign deals

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Tokyo — (AP) Japan’s top tech firms are teaming up to launch a series of deals aimed at boosting productivity and job creation.

The Tokyo-based companies, including Japan’s leading technology companies, will each receive a minimum of 500,000 yen ($50,000) to invest in a new business that is being developed for them.

The firms also will announce new partnerships and collaborations to create new businesses that will create jobs and boost growth.

The Japanese companies have made similar announcements in the past, including a deal with Microsoft to create the next generation of Microsoft HoloLens virtual reality headsets.

The Japan Times says that Japan’s largest tech firms have also agreed to work together to promote their digital products in foreign markets.

More to come.

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