Word: matsutaro
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Dates: during 1970-1979
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...chief, Matsutaro Fujii, faces a daunting challenge in trying to restore the line's prosperity and revive the harmony that was once the hallmark of the "national railway family," or kokutetsu ikka. With trucking taking away most of its freight business and airlines slowly chewing into its passenger traffic, the railroad has been losing money since 1964. Last year its accumulated deficit stood at $2.5 billion; interest on its debt alone totals $2 million a day. Thus the line, which daily carries up to 18 million people, has been severely pinched for funds to improve its services and battle...