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In a further step toward the full privatization of Japan’s railways, the Transport Ministry will submit a bill to privatize East Japan Railway Co., West Japan Railway Co. and Central Japan Railway Co. (JR Tokai) during the next ordinary Diet session, which starts next month, ministry officials said Thursday.

The ministry plans to submit the bill to exclude the three firms from the JR Law, and it plans to sell its stocks in the three — now worth about 1.2 trillion yen — at the earliest favorable opportunity, the ministry officials said.

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