As the ongoing economic slump continues to plague many firms, some company leaders argue that Japan's four major business organizations, which have separately published a number of reports on similar issues, should somehow be consolidated.

The four groups are the Japan Federation of Economic Organizations (Keidanren), Japan Association of Corporate Executives (Keizai Doyukai), Japan Federation of Employers' Associations (Nikkeiren), and Japan Chamber of Commerce and Industry.

But according to the newly appointed chairman of Keizai Doyukai, such an argument is nonsensical.