JNR Settlement Corporation

JNR Settlement Corporation

JNR Settlement Corporation (日本国有鉄道清算事業団 Nippon Kokuyū Tetsudō Seisan Jigyōdan?) was a corporation formed to handle long-term debts and redundancies following the privatization and breakup of Japanese National Railways on April 1, 1987.

It was dissolved on October 22, 1998 after being unable to pay back more than 30 trillion JPY in long-term debt. Following its dissolution, its assets and liabilities were inherited by the Japan Railway Construction Public Corporation.

JNRSC's assets and liabilities are currently managed by the JNR Settlement Headquarters of the Japan Railway Construction, Transport and Technology Agency.



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