*NEWS*JAPAN:CANON CEO HEADING LOBBY GROUP

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*NEWS*JAPAN:CANON CEO HEADING LOBBY GROUP

 user 2005-11-03 at 10:54:00 am Views: 73
  • #14490

    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.