Rakuten's $315 million buyout of Kobo will bear some e-reader fruit come July. The e-tailer's CEO and chairman, Hiroshi Mikitani, announced plans to release the Kobo eReader Touch Edition in Japan next month for 10,000 yen (on par with its $130 US sticker price). Timing is key, of course -- murmurs of the Kindle Touch's Japanese debut haven't escaped Mikitani's notice. "As a Japanese company, we cannot lose (to overseas rivals)," he told The Asahi Shimbun. Rakuten hopes to use the e-reader to export Japanese content, and aims to have 50,000 titles available by the end of 2012. Pre-orders kick off on July 2, with more details to come next month.

Kobo eReader Touch Edition packs bags for Japan, books flight for July originally appeared on Engadget on Fri, 22 Jun 2012 06:38:00 EDT. Please see our terms for use of feeds.