Internet marketplace giant Rakuten pulls out of Japan Business Fed.
Mainichi -- Jun 25
Internet marketplace giant Rakuten Inc. has officially declared it will pull out of the Japan Business Federation, also known as Keidanren.
Rakuten notified Keidanren -- which counts some of the largest and best-known corporations in Japan among its members -- of its decision on June 23, stating that the business federation "has many members, such as manufacturing companies, which have very different business models from Rakuten, meaning the federation's orientation and philosophy are also very different from our own."
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