Word: keidanren
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Anything in the U.S. remotely equal to Japan's Keidanren, or Federation of Economic Organizations, would generate nightmares for federal trustbusters and apoplexy in Ralph Nader. Keidanren raises money for the ruling Liberal Democrats and functions as the governing body for the interlocking Japanese business empire. It has no legal authority to tell its 110 trade and industrial-association members what to do. But its policy "guidelines" are rarely ignored. Lately, though, Keidanren has been accused by environmentalists of failing to stop pollution, and by consumerists of allowing prices to leap...
Shoring up Keidanren's image is the first order of business for its new president, former Toshiba Electric Chairman Toshiwo Doko. At 77 - only three years younger than his predecessor -Doko continues Keidanren's tradition of gerontocracy. But he is a man of action who skippered the recovery of Ishikawajima-Harima Heavy Industries (shipbuilding), then switched to Toshiba in 1965 and led its resurgence from a deep plunge into debt...
...money, given under the auspices of the Keidanren, Japan's Federation of Economic Organizations, brings the amount donated for the Institute from Japanese sources to $3.5 million...