Minoru Makihara, former Mitsubishi Corp president, dies at 90

Minoru Makihara, a former president of major Japanese trading house Mitsubishi Corp, has died of heart failure at his home. He was 90.

Makihara played an active role in Japanese and US business circles, reports The Japan Times. 

Makihara served as the president of  Mitsubishi Corp between 1992 and 1998, during which he worked to recover investment losses caused by the collapse of the country's speculation-driven bubble economy in the early 1990s.

He also led efforts to consolidate Mitsubishi group operations. He became special adviser to Mitsubishi in June 2010.

A graduate of Harvard University, Makihara also served as chair on the Japan-US Business Council, an external board member of American technology firm International Business Machines Corp, or IBM, and vice chairman of the Japan Business Federation, also known as Keidanren.