Which company did Nakasone privatize?
Japan National Railways
Toyota
Sony
Mitsubishi
Answer
Japan National Railways (JNR) was privatized by Prime Minister Yasuhiro Nakasone in 1987. JNR was a government-owned railway company that had been struggling financially for years. Nakasone's privatization plan broke up JNR into six regional passenger railway companies and one freight railway company. The privatization was successful in improving the financial performance of the railway companies and led to increased competition and innovation in the Japanese railway industry.
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