Friday, December 11, 2015

Former BOJ employee: Forget cars. Public transport key to reviving rural communities

Asahi : "Government spending should focus on maintaining railway and other public transportation systems, not roads, to revive local economies and help Japan’s rapidly graying population, says Kiyohito Utsunomiya, professor of economics at Kansai University.

“We should put an end to the fruitless debate that centers merely on short-term profits,” the 54-year-old says."

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