An organization to be formed from the merger of the Federation of Economic Organizations (Keidanren) and the Japan Federation of Employers Associations (Nikkeiren) will take its acronym from its English-language name, the Japan Business Federation, the Nikkeiren chairman said Tuesday.
The decision was made to reflect the organization's position in an age of internationalization, Hiroshi Okuda said.
The new body will be formed in 2002.
Okuda, also chairman of Toyota Motor Corp., meanwhile expressed concern about widening income gaps in Japan and stressed the need to maintain good employer-employee relations.
He said that while companies are likely to introduce merit-based systems for employees, care should be taken in applying such a system to blue-collar workers.