Asia Business News (ABN) has signed a joint venture with a cable programming company to launch a Japanese version of the channel next year. In the deal with Jupiter Programming Ltd, a joint venture between TCI (Telecommunications Incorporated - 50 per cent owner of ABN) and Sumitomo, ABN will own a 74 per cent share in the venture. Another partner, KK Kyodo, a Japanese news agency, will have a minority stake. The company will supply editorial content and production facilities. Paul France, CEO of ABN, said the venture, the network's third regional 24-hour channel, represented a major investment. 'We are not rushing into this. We are making sure the product will meet the needs of the audience. This is a typical project for us where we have conservative expectation from ad revenues and subscriptions.' Programming will include a mix of English-language shows from ABN with Japanese versions during peak evening hours.