The government has nominated Kazuhiko Toyama -- known as an expert in turning around apparently hopeless businesses -- as chief operating officer of a state-backed corporation given the task of doing just that.
The appointment was revealed by government sources Wednesday as three bills designed to revive crippled corporations -- including one that paves the way for the establishment of the Industrial Revitalization Corp. -- cleared the Diet.
The IRC will likely begin operations in May.
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