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Canon CEO seen heading Japan’s top business lobby
TOKYO,
NOV 05 – The chief executive of Canon Inc., the world’s largest maker
of cameras and copiers, will likely be chosen as the next chairman of
Japan’s most powerful business lobby, a source close to the matter said
on Sunday.
Fujio Mitarai has been viewed for some months as a strong
candidate to replace Toyota Motor Corp. chairman Hiroshi Okuda, whose
term as head of the Japan Business Federation ends next May.
However, Toyota Vice Chairman Fujio Cho has also been viewed as a possible successor.
The
source said the group was moving in the direction of naming Mitarai as
chairman and a decision would be announced at the earliest by the end
of the month.
Both Mitarai and Cho are currently vice chairmen of the lobby group, which is called Nippon Keidanren in Japanese.
Mitarai,
70, has led Canon to a string of record profits through aggressive
sales expansion and bold structural and production reforms. He also has
extensive experience abroad.
The source said Cho was not being
considered for the top job because Toyota was concerned about a
potential backlash in the business community if another one of its
executives was given such an influential post.
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