Japanese Government Acquires Yokohama and Kawasaki Ports
After acquiring a 50% stake in the port operator behind the ports of Yokohama and Kawasaki, Japan’s government now has a majority stake in the ports, according to the JOC.
The move is cost an estimated US$4.4 million.
Japan is home to the third largest economy in the world and remains a major importer and exporter of goods. However, the might of neighbour China somewhat dwarves the Asian state.
China has long been pursuing an extensive maritime strategy, buying key assets in countries all over the world and developing its Maritime Silk Road initiative across Asia that intends to link Europe and Africa into the chain.