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Fantasy Chancellor Game

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    #51
    Originally posted by WTFH View Post

    Apart from Hokkaido, Shikuko, freight, and the construction of lines which are run by a dokugyo - an independent agency which runs the operations of the business, while the government ministers and agencies look at the planning.

    Here, have a read: https://www.jrtt.go.jp/english/about.html

    https://en.wikipedia.org/wiki/Japan_Railways_Group


    Well I stand corrected, it is partially owned by the government.

    In 1987, the government of Japan took steps to divide and privatize JNR. While division of operations began in April of that year, privatization was not immediate: initially, the government retained ownership of the companies. Privatization of some of the companies began in the early 1990s. By October 2016, all of the shares of JR East, JR Central, JR West and JR Kyushu had been offered to the market and they are now publicly traded. On the other hand, all of the shares of JR Hokkaido, JR Shikoku and JR Freight are still owned by Japan Railway Construction, Transport and Technology Agency, an independent administrative institution of the state.

    In addition to the former public rail services there are many other private rail companies in Japan:


    https://en.wikipedia.org/wiki/List_o...anies_in_Japan

    This is the reason for the privatisation:

    The demise of the government-owned system came after charges of serious management inefficiencies, profit losses, and fraud. By the early 1980s, passenger and freight business had declined, and fare increases had failed to keep up with higher labor costs.
    This just confirms that it is very hard to make government owned services work. Japanese rail is not an example how it can be done.
    Last edited by BlasterBates; 7 February 2023, 14:00.
    I'm alright Jack

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