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As cushy posts end, Japan's retired bosses landing on other companies' boards

Trend could lead to more liquid market for outside directors with executive experience

Tokyo's Marunouchi business district in bubblier times. Those climbing to the top of Japan's corporate ladder used to be able to count on a post-retirement advisory role.

TOKYO -- More Japanese corporations are taking in other companies' former presidents as outside directors, a trend that reflects both the need for experienced oversight and the glare of scrutiny on the practice of setting aside advisory posts for retired bosses. 

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