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Politics

CEO of Japan's innovation fund announces resignation

Nine executives to step down after 'distrustful behavior' from economy ministry

Masaaki Tanaka, president and CEO of the Japan Investment Corp., said it would be "impossible to rebuild a relationship of trust with the government."

TOKYO -- The head of Japan's public-private innovation fund has announced his resignation after a bitter feud with the country's Ministry of Economy, Trade and Industry.

Masaaki Tanaka, president and CEO of the Japan Investment Corp., said it would be "impossible to rebuild a relationship of trust with the government," and therefore would resign along with eight other board members at a news conference on Monday.

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