• Bloomberg


Osaka Prefecture has canceled the ¥78.1 billion sale of a commuter rail line after local lawmakers rejected U.S.-based Lone Star Funds as the winning bidder, according to a source.

The prefectural government hasn’t decided whether to start another auction of Osaka Prefectural Urban Development Co., said the source, who asked not to be identified as the matter is private.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.