The Japan Business Federation (Nippon Keidanren) is considering letting Chairman Hiroshi Okuda serve a second term when his current two-year term expires in May, Nippon Keidanren officials said Tuesday.
Nippon Keidanren plans to make a final decision on the matter after Sunday's House of Representatives election. The business lobby has been preparing guidelines to help firms evaluate which political parties deserve their donations, they said.
Okuda, who also serves as chairman of Toyota Motor Corp., decided earlier to have Keidanren ask businesses to resume their political donations.
"It will take two years or so for the mechanism of political donations to get started along the right lines," a Keidanren vice chairman said.
It may therefore be necessary for Okuda to serve another term, since he is the one who decided Nippon Keidanren should be involved in soliciting political donations, Keidanren officials said.