Japanese rail company eyes exports to cover maglev costs

Japanese rail company eyes exports to cover maglev costs

TOKYO - When Central Japan Railway's magnetically levitated train set a world speed record on Tuesday by zipping along an experimental track at 603kph, the project's chief promoter was in Dallas, Texas.

Yoshiyuki Kasai, chairman emeritus of the train service operator, generally known as JR Tokai, was in the US city trying to sell the company's shinkansen high-speed train technology to local government officials and investors.

Exporting shinkansen technology is crucial for the company's commercial outlook, as its planned maglev train service, to be launched in 2027, entails tremendous investment.

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