What Economic Recovery? Japan desperate for cash, will sell off famous bullet train, to India

The Japanese government is in need of some cash (no wonder since they’ve been making promises of financial aid to other countries).  But they’re so desperate that they’ll even sell off a famous bullet train.

Prime Minister Yoshihiko Noda has instructed his cabinet, and Japanese business leaders, to sell Japan’s infrastructure to India, including the Shinkansen bullet train system.

It’s not quite what it sounds like.  What Prime Minister Noda means is that Japan is going to sell the technologies behind their infrastructure to other countries, especially India.  Indian officials have expressed a desire to build a bullet train system similar to what Japan has.

Noda told Japanese officials that global competition is becoming intense and that the Japanese government must do all they can to promote the sale of Japanese infrastructure technologies to other countries.