Abe's maglev decision reflects political calculus over economics

Business Jul 22, 2016

Abe's maglev decision reflects political calculus over economics

Few doubt Prime Minister Shinzo Abe's decision to invest public funds in a $90 billion high-tech maglev railway makes political sense. Whether it makes equally good economic sense is less clear. Proponents say lending government money to Central Japan Railway Co. (JR Tokai) to speed ...