Japan to attempt take down of Yahoo!, Google
As seen on the Hidden Nook, Japan is planning to compete against Yahoo! and Google in the search engine category. According to Pocket-lint.co.uk, "According to a government official, the Ministry of Economy, Trade and Industry will kick off a study group consisting of about 20 Japanese electronics companies and universities on internet search engines ... More than 20 companies, including Hitachi, Panasonic, Matsushita Electric Industrial Co., Fujitsu, NEC and Tokyo University have joined the research group, which is expected to receive an initial government budget of about 12 billion yen (£60 million). The project is expected to take between 3 to 5 years. The report said that Japan wants to come up with its own version of search engine to catch up with the American companies that receive high profits from online ad revenues."