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Posts Tagged ‘Japan’

Japan plans to spend $100 billion on unnecessary infrastructure

Tuesday, February 26th, 2013

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.

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