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Chairman of Japan nuclear operator resigns over $3m gift scandal

Board approves Makoto Yagi's stepping down from Osaka-based Kansai Electric

Kansai Electric Chairman Makoto Yagi, left, and President Shigeki Iwane bow at a news conference on Oct. 2. (Photo by Tomoki Mera)

OSAKA -- Kansai Electric Power, Japan's second-largest listed utility by revenue, on Wednesday approved the resignation of Chairman Makoto Yagi over 320 million yen ($3 million) in undisclosed cash and gifts that company executives received over the years, Nikkei has learned.

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