JNR Settlement Corporation
The Japanese National Railway Settlement Corporation (日本国有鉄道清算事業団, Nippon Kokuyū Tetsudō Seisan Jigyōdan?), or JNRSC, was a temporary holding company created to distribute the assets of the former Japanese National Railways (JNR) after its privatization in the mid-1980s. The JNRSC was disbanded in 1998 due to its failure to lower debt. Its assets were eventually absorbed by the Japan Railway Construction, Transport and Technology Agency.
Read more about JNR Settlement Corporation: Debt, Reorganization, Significance
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