Forbes published its rich list of the 40 richest Japanese who despite deflation in 2009, rode the 31% Nikkei growth to became collectively richer than in 2008.
Tadashi Yani of affordable clothing chain, Uniqlo topped the list for a second year as his chain grew in value by 30% as Japanese consumers defensively moved their clothing purchasing away from brands and high priced clothing as a result of the difficult consumer income climate. The entry into the list of Takao Yasuda of discount retail chain Don Quijote also benefited from similar moves by consumers in general goods.
Other gainers in the list included the major Japanese "new" industry players such as Masayoshi Son of Softbank which owns Japan's 3rd largest mobile operator and Hiroshi Mikitani of online shopping mall Rakuten.
The losers included consumer finance bosses, Hiroki Takie of Takefuji, Ryochi Jinnai of Promise and Katsuhiro Kinoshita of Acom who all suffered from the crackdown by the financial authorities on their grey lending practices; and also featured the more traditional manufacturering and construction company owners amongst the decliners.
The list and movements within the list are symbolic of Japan's continual shift away from manufacturing into services as its economy go through the continual maturing process.
source:- http://www.forbes.com/2010/01/12/japan-richest-tycoons-billionaires-japan-rich-10-social-networking-intro.html?feed=rss_home
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