TOKYO -- Hiroaki Nakanishi, chairman of the powerful Japan Business Federation, also known as Keidanren, will step down for health reasons. Masakazu Tokura, chairman of Sumitomo Chemical, will take over on June 1, Nikkei has learned.
The chairman of the business lobby is often called the "prime minister of business circles," and it is extremely rare that someone in the position steps down in the middle of a term.
