May 17 (Bloomberg) -- Port of Tokyo, with 13 percent of the annual container volume of Singapore, today competes with other Japanese cities for state funds as the government strives to create a harbor able to challenge the world’s busiest.The government created the competition as Japanese ports have lost traffic to Chinese, South Korean and Singaporean terminals that have lower costs. Japan’s ports have also suffered from exporters such as Sony Corp. and Mitsubishi Heavy Industries Ltd. shifting production to low-wage China. Full Story
