Canon chairman to become Tokyo Olympic honorary president

Japan is set to appoint Canon Inc. Chairman Fujio Mitarai as honorary president of the Tokyo Organizing Committee of the Olympic and Paralympic Games, a source familiar with the matter said Tuesday.

The committee for the 2020 Olympics was formally established last Friday, with former Prime Minister Yoshiro Mori serving as president and former Vice Finance Minister Toshiro Muto as chief executive officer.

The central government and the Tokyo metropolitan government plan to give one of the vice presidents' posts on the committee to Toyota Motor Corp. President Akio Toyoda.

Mitarai, 78, headed the Japan Business Federation, the country's biggest business lobby known as Keidanren, between 2006 and 2010.

The organizing committee is tasked with drawing up the basic plans for hosting the Games and must present its work to the International Olympic Committee by February 2015.

The Tokyo committee plans to dispatch a large staff to the 2016 Rio de Janeiro Games to accumulate know-how.