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The transport ministry plans to support railway companies’ efforts to cut personnel costs and improve their financial health at a time when travel demand has been plummeting due to the pandemic.

The ministry will reduce fixed-asset tax on ticket machines and other facilities and equipment from fiscal 2022 to help railway companies maintain services on their local lines, sources familiar with the matter said. It has included the measure in its tax system reform requests for the fiscal year starting in April next year.

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