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Japan-Update

Veteran chief hopes to infuse Nidec with fresh blood

Septuagenarian seeks a successor around the age of his 40-something son

OSAKA -- Nidec's charismatic chairman is considering handing the presidency of the company he founded to a much younger successor.

"I cannot turn over the reins to someone in his 60s," Shigenobu Nagamori told reporters Tuesday, noting that the times have changed. Nagamori will turn 74 this year.

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