JBF meaning in Business ?

Answer: What is Japan Business Federation mean?

The Japan Business Federation (日本経済団体連合会, Nippon Keizai-dantai Rengōkai) is an economic organization founded in May 2002 by amalgamation of Keidanren (経済団体連合会, Japan Federation of Economic Organizations, established 1946; name sometimes used alone as abbreviation for whole organization) and Nikkeiren (日本経営者団体連盟, Japan Federation of Employers' Associations, established 1948), with Nikkeiren being absorbed into Keidanren.

The federation is commonly referred to as "Keidanren", its 1,601 members consist of 1,281 companies, 129 industrial associations, and 47 regional economic organizations (as of June 15, 2010).

For most of the post-war period, Keidanren has been the voice of big business in Japan and is generally considered the most conservative of the country's three major private sector led business associations. The other two organizations are the Japan Chamber of Commerce and Industry (日本商工会議所) and the Japan Association of Corporate Executives (経済同友会).

According to the organization's official website, the mission of the Keidanren is to: accelerate growth of Japan's and world economy and to strengthen the corporations to create additional value to transform Japanese economy into one that is sustainable and driven by the private sector, by encouraging the idea of individuals and local communities.

The current chairman is Masakazu Tokura of Sumitomo Chemical. He has been chairman of The Japan Business Federation since June 2021.

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