Word: keidanren
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...Diet member. But when Abe's feel-good rhetoric clashes with the economic realities of Japan today, he can look disingenuous or simply ineffective. At the LDP convention in January, Abe declared that "economic growth is not for business enterprises, it is for the public," and later called on Keidanren, Japan's leading business federation, to raise wages. But Keidanren head Fujio Mitarai has rebuffed those calls, lobbying the government instead to lower corporate tax and raise the consumption tax, shifting more of the financial burden to ordinary workers. "In his heart Abe feels consideration for households," says Tsuyoshi Takagi...
...Morita was asked by Gaishi Hiraiwa, then chairman of Keidanren, to be his successor. Keidanren is the most prestigious business association in Japan, and all CEOs in Japan would like to hold an important position in the organization. Until this time, Morita had never really been accepted by the Japanese establishment as Sony was a relatively small company and didn't come from the traditional strong houses of steelmaking, public utilities and heavy industry. In the Japanese economic circle, becoming chairman of Keidanren is likened to the succession of the Emperor. As it turned out, the day of Morita...
Hosokawa faces other tough fights on deregulatory fronts. Two weeks ago, a commission led by Gaishi Hiraiwa, head of Japan's foremost Big Business organization, Keidanren, handed the Prime Minister a detailed report calling for extensive trimming of the more than 11,000 rules that entangle nearly every aspect of the economy. The red-tape Everest is a major reason behind high consumer prices in Japan and an important invisible barrier to imports. The U.S.-based Economic Strategy Institute recently estimated that regulations and other measures bar as much as $200 billion in potential exports to Japan every year...
...Hosokawa's strength and his weakness: he is still a neophyte, who has come late to the temptations of Nagatacho, Tokyo's political district. "Hosokawa did not seek the office of Prime Minister; his coalition allies asked him to take the job," recalls Kazuo Nukazawa, a managing director at Keidanren. "Unlike all the Prime Ministers before him, he has no debts to pay." Last week he showed he could marshal all the energy of his youth, without overweening rashness or inexperienced disarray. It was only a first step. But it was the step without which there would have been...
Doko employs a management style that is characterized by self-spun homilies. Sample: "Act instead of thinking it over. Only action produces ideas." Doko's actions are expected to be in tune with the consensus of Keidanren's hierarchy. The federation's first resolution under his leadership called for a lifting of the selective price freeze that the government imposed during the energy crisis...