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Japan’s maglev train speeds up under new policy

Financial Times Companies •
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Japan’s Linear Chuo Shinkansen maglev train will soon hit 505km h⁻¹ across Shizuoka, a milestone that after a decade of negotiation has finally cleared a critical 8.9km stretch. The agreement between JR Central and the governor of Shizuoka removes a long‑standing obstacle and unlocks the path to a 67‑minute link between Tokyo and Osaka.

The maglev’s launch coincides with Prime Minister Sanae Takaichi’s bold industrial‑policy blueprint, targeting $2.3 tn of public and private investment by 2040 in 17 sectors. The plan removes budget caps, urging ministries to spend freely and encouraging Japan’s 4,000 listed firms to shift capital from value‑destructive to growth sectors.

The project’s $68 bn cost and the government’s willingness to intervene signal a pivot toward a “moonshot” mindset, positioning Japan to compete in the era of global industrial policy. The maglev is not only a transport triumph but a symbol of ambition, patience, and the Sartorial potential for Japan’s future economy.

The initiative reflects a broader shift where government and private sectors collaborate on long‑term industry spending, a model now embraced by Japan, the US, and China alike.