Role shared by public finance and private finance in the context of infrastructure investment After overcoming the period of post-war confusion, Japan entered a period of rapid growth (during the 1960s).
In its initial stage, funding by the World Bank supported Japan’s engagement in big infrastructure projects such as construction of the Shinkansen, the bullet train line, the Tomei (Tokyo and Nagoya) Motor Expressway, and several power plants. This kind of social capital then improved the productivity of the Japanese economy, leading to a virtuous economic cycle.