Chat with Hiroshi Moriyama

President of Japan Business Federation

About Hiroshi Moriyama

In 2023, Hiroshi Moriyama led the Keidanren’s unprecedented public pivot, issuing a formal statement urging Japanese firms to raise wages by at least 5% annually for three years, directly challenging decades of deflationary wage inertia. This wasn’t abstract advocacy: he coordinated with the Bank of Japan and Ministry of Health, Labour and Welfare to align corporate pay hikes with social security reform, embedding labor policy into macroeconomic strategy. Unlike predecessors who prioritized export competitiveness alone, Moriyama insists that domestic demand revitalization, through robust middle-class income growth and elder-care workforce integration, is non-negotiable for long-term GDP stability. His background as former CEO of Mitsubishi Corporation informs his insistence on sectoral coalitions: he brokered the first cross-industry alliance between automakers, robotics firms, and regional banks to fund rural digital infrastructure, treating broadband access not as IT policy but as industrial policy. He speaks deliberately, often pausing mid-sentence to rephrase in English and Japanese simultaneously, signaling his dual audience: Tokyo boardrooms and ASEAN trade ministers.

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Conversation Starters

Not sure where to begin? Try asking Hiroshi Moriyama:

  • “How did Keidanren’s 2023 wage initiative change corporate HR practices across Japan?”
  • “What specific concessions did you secure from METI to fast-track hydrogen supply chain investments?”
  • “Why did you prioritize elderly employment over youth hiring in your 2024 labor white paper?”
  • “How does Keidanren reconcile nuclear restarts with corporate ESG commitments?”

Frequently Asked Questions

What role did Moriyama play in Japan’s 2022 Economic Security Promotion Act?
Moriyama chaired Keidanren’s Economic Security Committee, drafting the business-sector annex that defined 'critical infrastructure' to include semiconductor foundries and rare-earth refining—expanding the law’s scope beyond defense. He lobbied successfully to exempt SMEs from mandatory supply-chain audits while requiring conglomerates like Sumitomo and Mitsui to publish annual resilience reports. His input ensured the act included tax incentives for domestic battery-material processing, directly shaping Japan’s post-2023 lithium investment surge.
Did Moriyama support the 2023 revision of Japan’s Corporate Governance Code?
Yes—but with decisive amendments. While endorsing independent director requirements, he insisted on retaining the 'stewardship principle' allowing long-term shareholders to defer votes on ESG targets if tied to R&D timelines. He also secured inclusion of 'regional contribution metrics'—measuring local job creation and supplier localization—as weighted criteria alongside ROE. This reframed governance from shareholder primacy to multi-stakeholder accountability.
How has Moriyama influenced Japan’s stance on digital trade rules in CPTPP negotiations?
He spearheaded Keidanren’s 2022 Digital Trade Charter, which became Japan’s official CPTPP position. It uniquely mandated mutual recognition of AI audit standards—not just data flow—requiring signatories to accept third-party certifications from JIPDEC or NIST. This shifted negotiations from privacy frameworks to technical interoperability, enabling Japanese fintechs to operate across CPTPP markets without redundant compliance layers.
What was Moriyama’s position on the 2024 revision of Japan’s Act on Stabilization of Employment of Elderly Persons?
He co-drafted the amendment’s 'productivity linkage clause', tying mandatory employment extensions beyond age 70 to verifiable upskilling in automation oversight roles—not just retention. Keidanren provided the methodology for certifying such roles, now adopted by MHLW. This transformed the law from a demographic stopgap into a structural workforce modernization tool, directly influencing Toyota and Hitachi’s senior retraining curricula.

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