Matsushita Electric Industrial Co. said Friday it will introduce the industry’s first 22-inch wide-screen liquid crystal display television set on the domestic market in July at a price of 480,000 yen.

The new TV, featuring a newly developed 22-inch LCD panel, provides the industry’s top response speed, high resolution, a wide viewing angle and a four-speaker system, Matsushita said.

The TV will be compatible with the satellite digital broadcasting service that will be launched in Japan in December.