There are myriad reasons why Tokyo's metro outpaces (for one example) NYC in reliability and sanitation, but not having a 24/7 schedule is a big one.
Which made me wonder whether that kind of loss is OK and can be waived off as a govt. benefit in lieu of private car ownership. I don't know how the economics would work out, but it would be interesting to see how they compare.
It also happens to be the case that the lines with "that kind of schedule" are the most profitable lines. That's why they run so often.
JR East (All of Japan above Kanto) finances: http://www.jreast.co.jp/e/investor/ar/2016/pdf/ar_2016-02.pd...
According to Wikipedia Tokyo Metro made ¥63 billion in 2009.
Tokyo also has the biggest Taxi economy in the world, but as a parent said, they're more for special occasions, and cost about as much as you'd expect to pay someone to be your personal driver.
They shouldn't lose too much money or be too expensive to run, but that's the conversation to have, not how much profit they generate.
https://slatestarcodex.com/2017/02/09/considerations-on-cost...
And with how much Japan has innovated and improved their railways over the years I don't think this really applies to them. Maybe more of an American thing where we've spent $400,000,000,000 (and expected to spend $1,500,000,000,000) on a "one size fits all" fighter jet for our military that's been a complete failure in nearly every regard.
I found that the public transportation in most of Japan was well enough, such that I never thought to myself "If only I had a car/rental right now..."
Not to mention how punctual the transportation is. Compared to where I live, where delays of 10-45+ minutes are expected, the trains in Japan would apologize for being even a single minute late. The three weeks I took the JP Rail I never had a single train be late.
On the Yamanote Line, the longest I had to wait to catch a train to another part of town was 4 minutes. To me, that's absurd. My local station only runs a train once every few hours and if you miss your train you're waiting 3-4 hours for the next one to arrive. Missing a train in Tokyo is a mild inconvenience instead of a waste of most of your day.