_{*Correction appended.} 

For years, the Japanese company behind the world’s first and busiest high-speed rail system has been itching to enter the U.S. high-speed rail market, hoping to sell one of the world’s ripest passenger rail markets on its breathtakingly fast Shinkansen bullet trains.

But with Central Japan Railway’s efforts to sell high-speed trains on the U.S. coasts going nowhere, Texas has emerged as the company’s best hope for introducing its wildly successful technology to the American market.

It also may turn out to be a transformative event in the history of the nation ...

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