Susan Smith has worked as an editor and writer in the technology industry for over 16 years. As an editor she has been responsible for the launch of a number of technology trade publications, both in print and online. Currently, Susan is the Editor of GISCafe and AECCafe, as well as those sites’ … More »
Japan plans to spend $100 billion on unnecessary infrastructure
February 26th, 2013 by Susan Smith
While the U.S. is trying to figure out where to get the money to pay for much needed infrastructure, Japan’s Prime Minister Shinzo Abe plans to spend more than $100 billion on infrastructure in the next 15 months to help revive his country’s economy. Half of this growth is expected to be funded by government debt. Further, the country doesn’t have a great need for infrastructure, according to industry experts. It already has man-made islands, bullet trains and elevated highways, the result of its love affair with concrete and steel.
“We cannot simply continue to build roads and infrastructure the way we used to at a time when the population is ageing and shrinking,” says Takayoshi Igarashi, a public policy professor at Japan’s Hosei University who has advised the previous Democrat administration on rebuilding from the 2011 earthquake, tsunami and Fukushima nuclear accident.