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Father-daughter succession fight evokes looming crisis in Japan

The Otsuka Kagu psychodrama shows that founders can be too prideful to let go in a country where some 95% of firms are family run

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Ms Otsuka decided to make Otsuka run less like the high-end store her father had built during the go-go growth days and more like Ikea, which came to Japan in 2006, bringing price competition with it.

Tokyo

IN a country where family conflict is usually kept under wraps, the boardroom fight at Otsuka Kagu was as titillating as reality TV.

The company's 71-year-old founder tried to fire his daughter five years after naming her president of the high-end furniture retailer, which is