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Japan-Update

Hitachi president lays tracks to 60% gain in Asian sales

Japanese tech group's five-year goal tied to region's infrastructure demands

Hitachi President Toshiaki Higashihara, right, said at a press conference in Yangon that the company aims to tap rail and water infrastructure needs around Asia.

YANGON -- Hitachi aims to capture demand for rail and other infrastructure in an effort to lift sales 60% in Asian markets outside of China and Japan by fiscal 2021, the head of the Japanese technology group said Monday.

The group targets 1.5 trillion yen ($13.1 billion) in sales, up from roughly 930 billion yen during the fiscal year that ended in March 2016.

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