Sharp Corp. (TSE:6753) and e-book software developer Voyager Japan Inc. will submit the specifications of their formats free of charge to the Electronic Book Publishers Association of Japan.
The trade organization, consisting of 41 major publishers, will then create a common format by the end of March. The government will provide 150 million yen (US$1.8 million as a subsidy.
P.S. If anyone has access to the original Nikkei story (or if you know some background details), please let me know. I'd like to follow up.
via Trading Markets