Could not reserve memory block, import json error in python

Question

import pandas as pd
with open(r'data.json') as f:
   df = pd.read_json(f, encoding='utf-8')

I'm getting a "Could not reserve memory block" error. The JSON file is 300MB in size. Is there any limit for reserving memory for a running program in Python? I have 8GB RAM on PC, using Windows 10.

loading of json file into df
Traceback (most recent call last):
  File "C:\Program Files\JetBrains\PyCharm 2018.1.4\helpers\pydev\pydev_run_in_console.py", line 52, in run_file
    pydev_imports.execfile(file, globals, locals)  # execute the script
  File "C:\Program Files\JetBrains\PyCharm 2018.1.4\helpers\pydev\_pydev_imps\_pydev_execfile.py", line 18, in execfile
    exec(compile(contents+"\n", file, 'exec'), glob, loc)
  File "C:/Users/Beorn/PycharmProjects/project_0/projekt/test.py", line 7, in <module>
    df = pd.read_json(f, encoding='utf-8')
  File "C:\Users\Beorn\AppData\Local\Programs\Python\Python36-32\lib\site-packages\pandas\io\json\json.py", line 422, in read_json
    result = json_reader.read()
  File "C:\Users\Beorn\AppData\Local\Programs\Python\Python36-32\lib\site-packages\pandas\io\json\json.py", line 529, in read
    obj = self._get_object_parser(self.data)
  File "C:\Users\Beorn\AppData\Local\Programs\Python\Python36-32\lib\site-packages\pandas\io\json\json.py", line 546, in _get_object_parser
    obj = FrameParser(json, **kwargs).parse()
  File "C:\Users\Beorn\AppData\Local\Programs\Python\Python36-32\lib\site-packages\pandas\io\json\json.py", line 638, in parse
    self._parse_no_numpy()
  File "C:\Users\Beorn\AppData\Local\Programs\Python\Python36-32\lib\site-packages\pandas\io\json\json.py", line 853, in _parse_no_numpy
    loads(json, precise_float=self.precise_float), dtype=None)
ValueError: Could not reserve memory block
PyDev console: starting.
Python 3.6.6 (v3.6.6:4cf1f54eb7, Jun 27 2018, 02:47:15) [MSC v.1900 32 bit (Intel)] on win32