Liberal Democratic Party and Political Business Communities

ruling coalition: These questions should be answered first, according to Asahi Shimbun. Expectations about the construction of a Tsuruga-Osaka section are growing within the local political and business communities because the ruling coalition, led by the Liberal Democratic Party, is working to narrow the route options by around May. But the proposal to extend the new Shinkansen route beyond Tsuruga in Fukui Prefecture to Osaka raises serious questions about the need to expand the network of high-speed railway lines in this debt-ridden country, which has a shrinking population. But the ruling camp should stop to answer this question: How is it possible to secure financing of the huge construction cost Given the government fiscal crunch and the contraction of the nation population, it is difficult to make a strong case for extending the Hokuriku Shinkansen to Osaka as an urgent policy priority. Policymakers should recognize the fact that it is no longer possible to aggressively expand the Shinkansen network in response to requests from local communities as in the past. There are numerous questions about the wisdom of pushing through this proposal. (news.financializer.com). As reported in the news.