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:
“For a parent, it’s hard to recognize the significance of your work when you’re immersed in the mundane details. Few of us, as we run the bath water or spread the peanut butter on the bread, proclaim proudly, “I’m making my contribution to the future of the planet.” But with the exception of global hunger, few jobs in the world of paychecks and promotions compare in significance to the job of parent.”
—Joyce Maynard (20th century)
“It is necessary not to be Christian to appreciate the beauty and significance of the life of Christ.”
—Henry David Thoreau (1817–1862)
“History is the interpretation of the significance that the past has for us.”
—Johan Huizinga (1872–1945)