An analysis of the overcapacity problem under the decentralized management system of container ports in Japan

摘要

This article is concerned with an analytical summary of how the Japanese con- tainer ports have been taking place overcapacity problem in a systematic way. It focuses on institutional aspects of the overcapacity problem from the viewpoint of accounting cost and opportunity cost. The first issue arises due to the port auth- ority's accounting system and insufficient disclosures of financial statements of port business to the port users and taxpayers.