As wags have said, Mr Mori may be one of the worst Japanese prime ministers in living memory, but his job is nevertheless one of the safest in the country.

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He is the executive director of the drafting committee on UCITA. "The permanent staff person, the corporate memory, " is how he describes his job.

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But the company has done an admirable job of repositioning itself from slow growth markets (like memory chips for computers) to high growth markets like wireless.

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