Retired Toyota Chair Okuda Named to Bank Post

The state-owned Japan Bank for International Cooperation has appointed Hiroshi Okuda, retired president and chairman of Toyota Motor Corp., as its new president.

At JBIC, Okuda will work with business and government to provide financing for the overseas operations of Japanese companies. The bank was the international lending arm of the government-run Japan Finance Corp. until it was spun off on April 1.