An excellent Financial Times report on Japan Post Group’s so far fruitless efforts to recruit a new president before it goes public in November notes that the firm suffers from a “stubborn hierarchy of anti-reformers”.
There is also still no news on who will succeed Takahiro Mitani as president of the Government Pension Investment Fund, the world’s largest institutional investor. Mr Mitani’s five-year term ended five months ago but he agreed to stay on until a replacement can be found.
Meanwhile the re-election of Shinzo Abe as the president of the ruling Liberal Democratic Party puts him on track to be the country’s third longest serving Prime Minister since World War II if he stays in office until 2018 when the next general election is due.
See also “GPIF and Japan Post Bank: the top jobs nobody seems to want” archive 18 March 2015.
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