Generation gap | How Japan is helping 'greying' companies find young execs and what leaders can learn from it

• A new project aims to replace aging executives with fresh blood

• The move comes in response to one country’s considerable number of over-60s in charge

• But although unique to one nation, the plan lays bare the need for a watertight succession strategy for all major firms.

As reported by the Financial Times, financial holdings group Nomura has launched a fund designed to parachute young executives into Japanese companies whose old owners lack a successor. Currently, around a third of the nation’s small and medium-sized firms are run by people 60 or older, the FT said.