• Bloomberg


Shoei Utsuda, chairman and former president of trading house Mitsui & Co., will take over as chairman of the Japan Foreign Trade Council from May 31, replacing Marubeni Corp.’s Nobuo Katsumata, according to a release from the group.

Utsuda stepped down as president of Mitsui last year. JFTC is the main lobbying group of the nation’s general trading houses.

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