Tokyo Grain Exchange Elects New Executive Managing Director

At the Annual General Members Meeting held on May 25, 2001 (Friday), Mr. Takeshi Kubota was elected as Executive Managing Director of the Tokyo Grain Exchange. Mr. Itsuji Yanagisawa stepped down to become an adviser of the Exchange and director of the Tokyo Grain Market Research, Inc.

Takeshi Kubota cv

In the position of the Land Bureau Director-General of the National Land Agency from 1996, Takeshi Kubota successfully tackled long term land prices through land possession taxation and the reexamination of land usage.

As the Director-General of the Forest Policy Planning Department he assisted in designing the draft for the 1995 enacted "Green Fund Raising Law" which made public interest in acting against the tropical deforestation and desertification of accelerating world-wide forest decline into practical action.

While Director of the Administration Division of the Ministry of Agriculture, Forestry and Fisheries Minister's Secretariat from 1991, Kubota was the Japanese representative in negotiations with the U.S.A., Soviet Union, China, South Korea and Poland to draft a new agreement regarding fishing in the open waters of the Baring Sea.

He graduated with a law major from the University of Tokyo in 1967.

He enjoys golf, light jogging and small plot vegetable gardening during his free time.

During his term as Executive Managing Director of the Exchange, he hopes to develop new futures contracts and firmly establish respectability for the futures industry.