Road Name History: Japanese National Railways (日本国有鉄道 Nihon Kokuyū Tetsudō), abbreviated Kokutetsu (国鉄) or "JNR", was the business entity that operated Japan's national railway network from 1949 to 1987.
By 1987, JNR's debt was over ¥27 trillion ($280 billion at 2009 exchange rates) and the company was spending ¥147 for every ¥100 earned. By an act of the Diet of Japan, on April 1, 1987 JNR was privatized and divided into seven railway companies, six passenger and one freight, collectively called the Japan Railways Group or JR Group.
From Wikipedia
By 1987, JNR's debt was over ¥27 trillion ($280 billion at 2009 exchange rates) and the company was spending ¥147 for every ¥100 earned. By an act of the Diet of Japan, on April 1, 1987 JNR was privatized and divided into seven railway companies, six passenger and one freight, collectively called the Japan Railways Group or JR Group.
From Wikipedia
Item created by: CNW400 on 2023-10-05 10:59:36. Last edited by CNW400 on 2023-10-05 11:03:09
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