<title>Abstract</title> In October 2005, the Japan Highway Public Corporation was privatized and separated into three expressway companies. Three other public corporations were privatized as well: the Metropolitan Expressway Public Corporation, the Hanshin Expressway Public Corporation and the Honshu‐Shikoku...

This paper deals with three issues related to the privatization of Japan National Railway: the performance of each Japan Railway (JR) since privatization, the state of local rail service since the privatization and the handling of JNR's long-term debts. First, after a summary of what happened...