3 ms·

Japan did it in 1987 and the shinkanzen is still well known for its on time percentage. And they don't cheat either with an x minute grace period. On time mean

Japan did it in 1987 and the shinkanzen is still well known for its on time percentage. And they don't cheat either with an x minute grace period. On time means the minute on the timetable. So it's certainly possible.

alephnerd 2y ago
Japan is also heavily consolidated compared to other countries. The largest shareholders for all the privatized rails in Japan are a mixture of Mitsubishi Group, Mitsui Group and Mizuhou Group. Western anti-trust doesn't allow that level of consolidation - everything is basically owned by a handful of Keiretsu. I highly recommend reading "Corporate Financing and Governance in Japan" by Takeo Hoshi and Anil Kashyap to learn about this [0]. [0] - https://mitpress.mit.edu/9780262582483/corporate-financing-and-governance-in-japan/ https://mitpress.mit.edu/9780262582483/corporate-financing-a...
- pxeger1 2y ago
  It’s hardly consolidated compared to Germany??
  - alephnerd 2y ago
    The Japanese economy is significantly more consolidated than Germany's. Vertical and Horizontal Integration (like what the 3 groups above do) is heavily regulated and litigated against in the EU [0][1], especially under Vestager. Japan on the other hand doesn't actually regulate against either forms of market dominance. All three of those groups (called zaibatsu/keiretsu) have had market dominance in Japan since the 16th century. That's why I recommended reading that book above - Antitrust in the Western sense doesn't actually exist in Asian countries, all of whom modeled their economies on Japan and with Japanese advice (METI) and aid (eg. ADB). [0] - https://competition-policy.ec.europa.eu/antitrust-and-cartels/procedures/article-102-investigations_en https://competition-policy.ec.europa.eu/antitrust-and-cartel... [1] - https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2023/06/eu_vertical_agreements_June_2023.pdf https://www.cliffordchance.com/content/dam/cliffordchance/br...
    - pxeger1 2y ago
      Ah you meant the entire economy, not just the railways

alephnerd 2y ago

Japan is also heavily consolidated compared to other countries. The largest shareholders for all the privatized rails in Japan are a mixture of Mitsubishi Group, Mitsui Group and Mizuhou Group. Western anti-trust doesn't allow that level of consolidation - everything is basically owned by a handful of Keiretsu. I highly recommend reading "Corporate Financing and Governance in Japan" by Takeo Hoshi and Anil Kashyap to learn about this [0]. [0] - https://mitpress.mit.edu/9780262582483/corporate-financing-and-governance-in-japan/ https://mitpress.mit.edu/9780262582483/corporate-financing-a...

pxeger1 2y ago
It’s hardly consolidated compared to Germany??
- alephnerd 2y ago
  The Japanese economy is significantly more consolidated than Germany's. Vertical and Horizontal Integration (like what the 3 groups above do) is heavily regulated and litigated against in the EU [0][1], especially under Vestager. Japan on the other hand doesn't actually regulate against either forms of market dominance. All three of those groups (called zaibatsu/keiretsu) have had market dominance in Japan since the 16th century. That's why I recommended reading that book above - Antitrust in the Western sense doesn't actually exist in Asian countries, all of whom modeled their economies on Japan and with Japanese advice (METI) and aid (eg. ADB). [0] - https://competition-policy.ec.europa.eu/antitrust-and-cartels/procedures/article-102-investigations_en https://competition-policy.ec.europa.eu/antitrust-and-cartel... [1] - https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2023/06/eu_vertical_agreements_June_2023.pdf https://www.cliffordchance.com/content/dam/cliffordchance/br...
  - pxeger1 2y ago
    Ah you meant the entire economy, not just the railways