Business | Infrastructure exchanges

Kobe’s dream

|san francisco

MAYORS these days are itchy-feet types, forever zipping around the world to drum up business for their cities. Kazutoshi Sasayama of Kobe, who has spent much of this month on a business-boosting tour of America, certainly fits the pattern. His city was once the industrial muscle powering Japan's just-in-time manufacturing economy. But it has stagnated, with high unemployment, ever since it was flattened by a terrible earthquake in 1995. The mayor is selling a new vision of the city as a high-tech, high-value centre for the research and manufacture of medical devices and drugs.

This article appeared in the Business section of the print edition under the headline “Kobe’s dream”

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