RESTRUCTURING OF JNR AND ITS PROBLEMS

概要

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It is impossible to discuss the whole aspect of JNR's restructuring in this paper, and that is not the purpose of this paper either. It is obvious that the argument of how to deal with liability is not described in depth. On the other hand, this paper should provide the analysis on process and the idea behind the privatization/break up of JNR. After this paper was completed, the last financial statements of JNR, which was for fiscal 1986, was released. In comparison to the fiscal 1985 quoted on this report, the result of fiscal 1986 shows further improvement with the overall trend remaining the same. Most of solutions to the problems of JNR, including the clarification of the government's responsibility, remain postponed. Half a year has passed since JNR spin-off's begun their operations in this kind of environment. The goal of improving the balance is being achieved but labor relations and diversification may yet become a problem in the future. The author hopes that this paper would find some use among those people dealing with increasingly popular privatization of public companies and restructuring of many nations' railroad systems that maybe struggling with losses.