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The debt incurred by the former Japanese National Railways totaled 27.7 trillion yen at the start of fiscal 1998, down 333.6 billion yen from one year ago, Transport Ministry officials said Wednesday.

During fiscal 1997, JNR Settlement Corp. made 1.41 trillion yen by selling off JNR assets worth 808 billion yen and the stocks of Central Japan Railway Co. for 485.9 billion yen.

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