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

From April 1st, a new regulation took effect across Osaka Prefecture requiring all restaurants with a customer seating area larger than 30 square meters to become entirely smoke-free indoors—unless they install a designated smoking room. Establishments violating the rule face fines of up to 50,000 yen, while customers may be fined up to 30,000 yen.

The Imperial Household Agency launched an official YouTube channel on April 1st to introduce the activities of Emperor Naruhito and Empress Masako.

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

The Japanese government has released an updated damage forecast for a potential Nankai Trough megaquake, estimating that up to 298,000 people could die in the worst-case scenario. This projection reflects a slight reduction from the previous estimate of 332,000 deaths made 13 years ago.

The Japan Meteorological Agency announced on March 30th that cherry blossoms (Somei-Yoshino) in central Tokyo have reached full bloom, one day earlier than the historical average and five days earlier than last year.

MEDIA CHANNELS
         

MORE Business NEWS

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.

Sukiya, one of Japan's leading beef bowl restaurant chains, announced it will temporarily close nearly all of its stores after an insect was found in a food item served at one of its outlets.

Fuji Television announced a sweeping overhaul of its management structure on March 27th, including the retirement of longtime executive Hisashi Hieda, who served on the board for 41 years.

The Trump administration announced on March 26th that it will impose an additional 25% tariff on imported automobiles and key auto parts. According to the proclamation signed by President Trump, the tariffs are set to take effect on April 3rd and will apply to all imported vehicles, including those from Japan.