About 90 business leaders will meet in Tokyo for the 35th Japan-U.S. Business Conference from July 12-14, the head of Japan-U.S. Business Council said Friday.

The five major areas of discussion will be: trade and investment in Asia; market access and deregulation and economic reform; economic fundamentals and the exchange rate; electronic commerce and global climate change, according to Minoru Makihara, chairman of the conference and chairman of Mitsubishi Corp.

Makihara will head the Japanese side, while Michael Jordan, chairman and CEO of CBS Corp., will head the U.S. side.

Reflecting growing concerns over global warming, the conference will include talks on global climate change. Electronic commerce will be discussed for the first time, to set some rules. "At the Birmingham Summit, leaders of the Group of Eight expressed hope that the private sector would take the initiative to discuss the issue. Our move goes along with their opinion," Makihara said.

Conference participants will include Yotaro Kobayashi, chairman of Fuji Xerox Co. and the former council chairman, Yuzaburo Mogi, president of Kikkoman Corp. and Toru Hashimoto, chairman of Fuji Bank.

From the U.S. side, Henry Schacht, director and senior adviser of Lucent Technologies, Inc., Wayne Booker, vice chairman of Ford Motor Co., and Frank Cahouet, chairman & CEO of Mellon Bank, are expected to attend.