PRIVATIZATION OF THE JAPAN NATIONAL RAILWAY: OVERVIEW OF PERFORMANCE CHANGES. IN: RAILWAYS

This paper describes the privatization process of the Japanese National Railway in 1987, and the performance changes in the ten years following the privatization. The Japanese National Railway was separated into one Japanese Railway (JR) freight rail company and six JR passenger rail companies. Distinguishing features of the privatization include: horizontal separation; passenger-freight separation; vertical integration; lump-sum subsidy for low-density JRs; establishment of an Intermediary Institution; and allowance of non-rail business. The JRs have improved performance in many areas since privatization, such as financial status, operating costs, labor productivity and overall service quality. Accident rates did not increase after privatization and fares remained steady for nine years following privatization. Privatization has led to increased productivity and efficiency in general; however, several challenges remain. These challenges include a lack of freight competition, financial difficulties among some JRs due to a decrease in fund revenues, liquidation of the Japanese National Railway long-term debts, and the sale of remaining JR stock.

  • Availability:
  • Supplemental Notes:
    • This paper was originally published in International Journal of Transport Economics, 24(1), February 1997, pp 75-99.
  • Corporate Authors:

    Edward Elgar Publishers

    William Pratt House, 9 Dewey Court
    Northampton, MA  United States  01060-3815
  • Authors:
    • Mizutani, F
    • Nakamura, K
  • Publication Date: 2002

Language

  • English

Media Info

  • Features: Appendices; Figures; References; Tables;
  • Pagination: p. 201-225
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00964765
  • Record Type: Publication
  • ISBN: 1840645539
  • Files: TRIS
  • Created Date: Nov 2 2003 12:00AM