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Keidanren chief Nakanishi to resign in June over illness

Sumitomo Chemical Chairman Tokura take over as head of Japan business lobby

Keidanren Chairman Hiroaki Nakanishi, left, will step down due to illness. He will be succeeded by Masakazu Tokura. (Source photos by Karina Nooka and Hideki Yoshikawa)

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.

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