JR East raises fares by 7.1%, first hike since privatization in 1987

Japan's biggest railway company raises fares

Japan's biggest railway company raised its fares by an average 7.1 percent on Saturday. It is East Japan Railway's first across-the-board fare increase since it was privatized in 1987, apart from rises due to consumption tax hikes.

JR East raises fares by 7.1%, first hike since privatization in 1987

East Japan Railway Co. on Saturday raised its fares by an average 7.1 percent, its first hike aimed at boosting revenue since the major rail company's privatization in 1987.