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The Cabinet endorsed two bills Friday to dispose of 27.8 trillion yen in debts amassed by the now-defunct Japanese National Railways, including a controversial measure to have Japan Railway group firms bear 360 billion yen.

Under the bill to dispose of debts held by JNR Settlements Corp., the government will transfer 15.8 trillion yen in debts with interest from JNR Settlements to its general account and exempt 8.3 trillion yen in noninterest-bearing debts from the public corporation. The other bill prescribes the operations of Japan Railway Construction Public Corp., which will take over pension costs and the stocks of the JR group firms currently held by JNR Settlements, which will be dissolved Oct. 1.

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