state how does broken coastline help japanese shipbuilding industry???
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This article traces some of the past history of the shipbuilding industry in Japan, and explains its present managerial, financial, and political structure. The achievements by Japanese Yards and their capacity to build about half of the worlds tonnage per year of new construction are discussed with relation to the international situation and predictions for the future. Most of Japan's ship builders are in one of seven firms which are continuing to modernize their facilities in anticipation of predicted increases in demand for tanker and bulk carrier tonnage. These companies are faced with a fluctuating increase in demand, a possible future shortage of labor, and overdeveloped repair facilities which cannot be fully utilized. All seven companies meet periodically to discuss common problems. The author voices his concern about the effects of President Nixon's economic policies and the losses to Japans shipbuilders which will accompany the revaluation of the yen. The author feels that the policy of Japan's export-import bank of loaning to shipbuilders is a form of subsidy but holds that the yards ultimately pay for themselves.