TOKYO -- Two of Japan's largest rail operators now expect to report their largest full-year net losses since their 1987 privatization, as the coronavirus pandemic brings a deep and potentially long-lasting slump in passenger traffic.
Bullet train operators JR East and JR West face biggest losses since privatization

Bullet train ridership has plunged due to the pandemic and shows no signs of returning to normal anytime soon. (Photo by Kai Fujii)
TOKYO -- Two of Japan's largest rail operators now expect to report their largest full-year net losses since their 1987 privatization, as the coronavirus pandemic brings a deep and potentially long-lasting slump in passenger traffic.