Significance
The ultimate goal of disbanding the JNR was to privatize the newly-created JR satellite companies. Each of the seven companies was created as joint stock with the Japanese government as sole shareholder. Currently, JR East is entirely privatized, with JR West and JR Central largely so. JNRSC still holds titles to the remaining four JR Group companies, Hokkaido Railway Company (JR Hokkaido), Shikoku Railway Company (JR Shikoku), Kyushu Railway Company (JR Kyushu), and the Japan Freight Railway Company (JR Freight).
Read more about this topic: JNR Settlement Corporation
Famous quotes containing the word significance:
“History is the interpretation of the significance that the past has for us.”
—Johan Huizinga (1872–1945)
“Politics is not an end, but a means. It is not a product, but a process. It is the art of government. Like other values it has its counterfeits. So much emphasis has been placed upon the false that the significance of the true has been obscured and politics has come to convey the meaning of crafty and cunning selfishness, instead of candid and sincere service.”
—Calvin Coolidge (1872–1933)