SoftBank Launching App to Find Parking Spaces in Japan

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SoftBank Group Corp. is rolling out a new app that will let drivers find and reserve parking spaces across Japan.

The new service, called BLUU Smart Parking, will let drivers find open parking spots, reserve them in advance and pay fees using smartphones. Each location will have cameras and magnetic sensors to monitor cars as they enter and leave, instead of the restraining locks that are common in Japan. SoftBank, which didn’t disclose revenue targets or the size of its initial investment in BLUU, is initially looking to work with companies that want to rent out space. The trial version begins next month, followed by a full launch in October.