Word: biko
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Dates: during 1976-1976
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Among the J N.R.'s 256 separate rail lines, only the bullet trains and two of Tokyo's urban services turn profits. The rest lose money at a rate that makes the old Penn Central's losses trivial by comparison. One example: the Biko line, which serves a sparsely populated area on the island of Hokkaido, has outlays of $11 for every 34? it earns. In the past twelve years, the Japanese National Railway has piled up a staggering debt of $34 billion; at present it is losing money at the rate of $8.6 million...