OBS_VALUE: Broadcasting services in Japan are classified into (i) Terrestrial, (ii) Satellite, and (iii) Cable Broadcasting.  Terrestrial and Satellite Broadcasting services are further classified into (a) Key Broadcasting, which uses radio waves assigned exclusively or preferentially to broadcasting stations, while all other forms are classified as (b) General Broadcasting.  In addition, Key Broadcasting is divided into (1) Hardware providers, who set up and operate broadcasting stations,  and licensed under the Radio Act as Key Broadcasting Station Providers (基幹放送局提供事業者), and (2) Software providers, who manage broadcasting content, and certified under the Broadcasting Act as Certified Key Broadcasting Service Providers (認定基幹放送事業者). (3) Terrestrial key broadcasters that integrate both roles can be licensed as Specific Terrestrial Key Broadcasting Service Providers (特定地上基幹放送事業者) under the Radio Act.    Foreign investment is limited to the following: (a) Key broadcasting providers: (1)  Certified Key Broadcasting Service Providers: direct and indirect investment (voting rights) of up to one-fifth;(2) Key Broadcasting Station Providers: direct investment (voting rights) of up to one-third;(b) General Broadcasting (only for entities that integrate both software and hardware operations while also setting up and operating non-cable stations): direct investment (voting rights) of up to one-third.