Market Chatter: East Japan Railway Implements First Fare Hike Since Privatization

MT Newswires Live10:28

East Japan Railway (TYO:9020) increased its fares on Saturday, marking the first such adjustment since the company was privatized in 1987, The Mainichi reported over the weekend.

The fare adjustments vary across ticket types, with regular fares rising by an average of 7.8% and commuter passes increasing by 12%, while student passes saw a more modest 4.9% hike, the publication said.

The minimum base fare has been raised to 160 yen from 150 yen, though prepaid card users face a smaller increase of 8 yen, or 9 yen on the Yamanote loop line, the report said.

Meanwhile, a Tokyo-to-Sendai shinkansen ticket now costs 11,630 yen, up from 11,410 yen, the news daily added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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