Prime Minister Shinzo Abe’s bid to vault Japan out of 15 years of deflation risks losing public support by spurring too much inflation too quickly as companies add extra price increases to this month’s sales-tax bump.
Asia’s benchmark stock index fell from an almost three-month high amid a renewed selloff of technology shares and as a gain in the yen yesterday dragged Japan’s Topix index to its worst week since June.
SoftBank Corp. founder Masayoshi Son will surpass Uniqlo’s Tadashi Yanai as Japan’s richest man within a year, transforming a wealth shortfall of about $2.4 billion into a $3.4 billion lead, share-price forecasts indicate.
Fast Retailing Co.’s Tadashi Yanai, who built his father’s tailor shop into Asia’s biggest clothing retailer and in the process became Japan’s richest man, is stepping up his push into the U.S. market.
J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is in talks about a potential sale to Uniqlo owner Fast Retailing Co., two people with knowledge of the matter said.
Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power.