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Japan MPs form group to protect $2.1B trading card market

Members of Japan's ruling party have established a parliamentary group to safeguard the nation's substantial trading card market, valued at approximately US$2.1 billion. This initiative aims to combat issues such as counterfeit cards, bulk purchasing for resale, and money laundering by introducing new market rules and enhancing transparency. The group, comprising about 20 lawmakers, seeks to foster a healthy environment to support the industry's global expansion, drawing inspiration from the international popularity of cards like Pokémon and Yu-Gi-Oh!. AI

RANK_REASON Formation of a parliamentary group by a ruling party to address market issues in a significant industry. [lever_c_demoted from significant: ic=1 ai=0.0]

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Japan MPs form group to protect $2.1B trading card market

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Kyodo ·

    Japan’s ruling party MPs form group to protect US$2.1 billion trading card market

    Lawmakers from Japan’s ruling Liberal Democratic Party (LDP) have launched a group aimed at promoting the rapidly growing trading card industry, seeing its potential as a globally competitive content sector. The group, consisting of some 20 lawmakers, is seeking to improve the tr…