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Stock impact report

Wealth Of Japan's 50 Richest On Forbes List Rises 13% To US$192 Billion [Forbes]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Forbes
SINGAPORE (31 May, 2023) www.forbes.com/japan and www.forbesjapan.com/feat/japanrich/ , as well as in the June issue of Forbes Asia The return of tourists following the post-pandemic reopening of borders and the resurgence in domestic consumption helped to revive Japan's economy in the first quarter of 2023. A buoyant stock market—the benchmark index was up 11% since fortunes were last measured —contributed to the double-digit rise in the combined wealth of Japan's 50 richest. More than half of those on the list were better off from a year ago with the top five retaining their rankings. Retailing tycoon Tadashi Yanai is this year's biggest dollar gainer, adding $11.8 billion to consolidate his position as Japan's richest person. Strong sales at Fast Retailing, parent of clothing chain Uniqlo, propelled his net worth by 50% to $35.4 billion. Takemitsu Takizaki, the founder of sensor maker Keyence, holds on to the No. 2 spot for the second year with a $1 billion boost to his net Show less Read more
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