Ports in a storm
THE Japanese call it gaiatsu--using foreign pressure as an excuse for doing something that everyone agrees is necessary but no one wants to take the flak for. This time the problem is Japan's ports. These have long been nests of restrictive practices that hobble importers and shipping lines alike. The transport ministry is keen to do something about the problem, but the bureaucrats are scared of special interests such as the dockers and the cargo-handling cartel. Hence the convenience of leaving the dredging work to America's Federal Maritime Commission (FMC) in Washington, DC.
This article appeared in the Business section of the print edition under the headline “Ports in a storm”
Discover more
Elon Musk’s xAI goes after OpenAI
The fight is turning nasty
How to behave in lifts: an office guide
Life in an elevator
Donald Trump’s victory has boosted shares in private-prison companies
A hard line means hard cash
Gautam Adani faces bribery charges in America
Prosecutors allege one of India’s richest men paid off local officials
Nvidia’s boss dismisses fears that AI has hit a wall
But it’s “urgent” to get to the next level, Jensen Huang tells The Economist
Does Dallas offer a vision of America’s future?
The Texan city embodies the allure of small government