Japan plans on building a moon base

JAXA (Japanese Aerospace Exploration Agency) has set a goal of having a moon base in operation by 2030.

They're still having trouble getting satellites into orbit, but they still are optimistic that they will have living, breathing men walking on the moon within several decades.

Complete story at ABC Australia News

Personally, I'm inclined to believe this story is BS. Why is this JAPANESE space agency's acronym (JAXA) derived from ENGLISH words? Should't it be "Nipon Spaceru something-or-other"?

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