Hiroshima Kosoku Kotsu Corporation

Patrick, Hugh T.

Hiroshima Rapid Transit (HRT) provides mass transit service on an automated guideway (AGT) system in Hiroshima, Japan. The company is a case study of a public-private (third sector) firm that provides a service with substantial external benefits. HRT also has an extraordinarily weak financial base, with a negative net worth and huge financial debts. Nonetheless, it has begun to make profits, and has been an ultimately successful undertaking by Hiroshima City, supported by the Development Bank of Japan (DBJ). This study suggests the ongoing usefulness of government banks such as DBJ, despite bad financials.



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More About This Work

Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Columbia University
Center on Japanese Economy and Business Occasional Papers, 73
Published Here
September 21, 2015