Hidden beneath its streets, Japan's aging sewer pipes spotlight a challenge that has held back reforms Prime Minister Shinzo Abe is pushing to revitalize the world's third-biggest economy. Overhauling the country's infrastructure — roads, tunnels, ports and sewage plants, many of them built after the ...
The Japanese National Railways breakup and rebirth into seven Japan Railways Group companies 30 years ago — a grand scheme that privatized the state-run train services — has delivered a mixed bag of results for operators dealing with the legacy. In a shift in focus ...
The Osaka Municipal Assembly has approved an ordinance to privatize public subway and bus operations in the major city in April 2018. The privatization of a public subway system will be a national first. According to the ordinance, approved Tuesday, subway operations will be transferred to ...
The sale of the rights to run Kansai International Airport to a private consortium could serve as a role model for other money-losing public-infrastructure operations if efficiency and profitability improves.
The opening of sales Wednesday of shares in Japan Post, whose origins date back to 1871, has been a decade in the making. The initial public offering will make it the biggest IPO in the world this year — the biggest, in fact, since Alibaba ...
As Japan prepares this week for the biggest initial public offering in the world since Alibaba Group Holding Ltd. in September 2014, the government hopes that the ¥1.5 trillion privatization of the postal service will help revive the country from its 20-year slump. Prime Minister ...
The city of Komaki, Aichi Prefecture, has officially scrapped a plan to build a next-generation public library in collaboration with video rental giant Tsutaya after the majority of its residents voted it down in a referendum earlier this month. The city announced Tuesday that it ...
The central government plans to privatize the National Stadium to be built for the 2020 Tokyo Olympics after the sports event ends, hoping to reduce the running costs it would have to pay, government sources said Tuesday. The idea was included in the outline of ...
The government decided Friday to put Kyushu Railway Co. under full private ownership in fiscal 2016. The government decided to pursue full privatization because JR Kyushu has achieved good business results in the fields of real estate and hotels, the officials said. JR Kyushu is one ...
As a long-term priority, developed countries must build public assets to have the resilience and flexibility to respond to structural change over time.
