TOKYO -- East Japan Railway has raised 410 billion yen ($3.8 billion) in April and May to shore up finances as ridership continues to hemorrhage due to the novel coronavirus outbreak, the rail operator serving Tokyo said Tuesday.
Transportation
JR East raises another $3.8bn as ridership slump continues
Rail operator takes on debt and curbs capital spending to cope with coronavirus
JR East's revenue for longer trips fell as much as 95% in May due to the coronavirus outbreak. © Reuters
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