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Rice cooker maker Zojirushi fights overseas fund's board pick

Dueling proposals to face off at shareholders meeting next month

Taiwanese tourists browse Zojirushi rice cookers at an electronics store in Osaka. (Photo by Atsushi Ohoka)

OSAKA -- Japanese cooking appliance maker Zojirushi said Tuesday that it opposes a candidate for director nominated by its top shareholder, an overseas investment fund.

Ace Frontier, which holds 13.5% of Zojirushi together with other investors, has proposed former Bank of Japan official Satoshi Nagano as a board member.

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