Magazine content is available exclusively for TIME subscribers.Business & Finance: Power in Japan
As they did with baseball, the Japanese caught on to the tricks of the electric power & light business quickly indeed. From a small creaking generator installed by Tokyo Electric Light Co. in 1887, the industry has pushed forward until only Germany and the U. S. rank ahead of Japan in power production. No major country but Japan can boast that its largest capital investment is in power plants, transmission lines, substations. The Japanese took to the game so wholeheartedly that today their system is actually overbuilt; generating stations with a capacity of some 300,000 k. w. lie idle. Burdened, too....
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