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Business trends

Boardroom diversity moves forward in Japan

Nearly 70% of blue chips to have foreign or female directors

Indeed co-founder Rory Kahan, left, has been nominated as a director at Japanese staffing agency Recruit Holdings. Veteran banker Teiko Kudo, left, has taken a seat on Toyota's board.

TOKYO -- More companies in Japan are promoting ethnic and gender diversity on their boards, with nearly seven in 10 large corporations expected to have at least one non-Japanese or female director after shareholders meetings this month.

Of the 170 Nikkei Stock Average components with March book-closings that had published shareholder meeting notices by the end of May, 36 will have non-Japanese directors, an increase of seven, according to data compiled by Takara Printing.

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