News On Japan

Keidanren to Appoint Nippon Life's Tsutsui as New Chairman

TOKYO, Dec 17 (News On Japan) - Keidanren has decided to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, as the successor to current chairman Masakazu Tokura, who will retire in May 2025. This marks the first time a leader from a financial institution has been selected to head Keidanren.

The organization plans to present the proposal to make Tsutsui the next chairman during a meeting of its chairman and vice-chairmen scheduled for January 2024. The formal decision is expected to be made at the general meeting in May 2024.

Traditionally, Keidanren chairmen have been chosen from executives in the manufacturing sector. However, Tokura stated in May this year that "it is no longer necessary to limit the selection to those from manufacturing. We want to make the best choice regardless of the industry."

Since July this year, Tsutsui has served as the inaugural president of the GX (Green Transformation) Promotion Agency, focusing on facilitating investments toward decarbonization.

Source: テレ東BIZ

News On Japan
POPULAR NEWS

Japan’s Nikkei Stock Average plunged by 2,644 yen in a single day, marking the third-largest one-day drop in its history. The sharp downturn, driven by intensifying trade tensions between the United States and China, has been widely labeled the "Trump Shock" by investors and analysts.

Adult food allergies are on the rise in Japan, with increasing numbers of people reporting symptoms after eating foods they once tolerated without issue. Recent findings reveal an unexpected cause behind many of these cases: hay fever.

Nintendo has announced that its next-generation console, the Nintendo Switch 2, will be released on June 5th, featuring a larger screen, 4K TV output, a built-in game chat function, and new controller capabilities.

The 21st Edo Fukagawa Sakura Festival concluded Sunday, with walkways and boat trips offering magnificent views of cherry blossoms in full bloom along a 1.3 kilometer stretch of the Oyoko River.

As Japan enjoys the economic boost from a surge in foreign tourists, the hot spring town of Atami has introduced a lodging tax in April to tackle overtourism—prompting backlash from Japanese travelers who question why they, too, must pay a fee meant for inbound tourism.

MEDIA CHANNELS
         

MORE Business NEWS

7-Eleven is expanding its lineup of in-store drinks with the introduction of freshly brewed tea, using dedicated machines to serve tea at prices similar to coffee.

Over 20,000 people attended the Camping Car Show held last month in Osaka over two days, reflecting a growing interest in campers across Japan. What is driving this renewed popularity?

A deepening labor shortage in Japan’s construction industry is beginning to impact homebuyers, with some experiencing delays of more than six months before construction can even begin due to a lack of available carpenters.

The prototype line for next-generation semiconductors developed by Rapidus is now ready, as a nationwide initiative to boost Japan's chip industry takes a major step forward in Hokkaido.

The Japanese government approved a cabinet ordinance on April 1st to introduce a new pre-screening system for foreign companies investing in Japan. The revised regulation will take effect on May 19th.

The Bank of Japan's March Tankan survey, a key quarterly economic report, showed that business sentiment among large manufacturers has deteriorated for the first time in four quarters.

Tokyo has made it mandatory to install solar panels on newly built houses starting April 1st, as part of its broader effort to halve greenhouse gas emissions by 2030.

The new fiscal year began on April 1st, with companies across the Kansai region holding entrance ceremonies to welcome new employees.