Mr Hashimoto outlined a few measures to alleviate regional distress cheaper soft loans for infrastructure projects, a big export-credit insurance facility, and training in Japan for 20, 000 South-East Asians.

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The company's stock is languishing in part because Wall Street mistakenly lumps the company in with others in the soft semiconductor industry and in the wireless infrastructure business.

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But anyone who thought that there was going to be a slowdown in infrastructure build-out this year, as the government tries to engineer a soft landing to its spectacular economic growth, need only stare at the Shanghai skyline for a few days, if not just a few minutes.

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