Motivated by the recent proposition by Buniy, Hsu and Zee with respect to
discrete space-time and finite spatial degrees of freedom of our physical world
with a short- and a long-distance scales, lP and L, we reconsider the
Lorentz-covariant Yang's quantized space-time algebra (YSTA), which is
intrinsically equipped with such two kinds of scale parameters, λ and
R. In accordance with their proposition, we find the so-called contracted
representation of YSTA with finite spatial degrees of freedom associated with
the ratio R/λ, which gives a possibility of the divergence-free
noncommutative field theory on YSTA. The canonical commutation relations
familiar in the ordinary quantum mechanics appear as the cooperative
Inonu-Wigner's contraction limit of YSTA, λ→0 and $R \to \infty.