It is pushingparticularly hard againstanewrulethatwouldcut off federaleducationaidtoprogramswhosegraduatesend up saddled withdebt that they have little hope of ever repaying.
Mr Mitarai told The Economist recently that he has a rough cut-off rule for allocating investment: anything for which labour comprises more than 5% of production costs can be done in China or some other low-wage country.