Japan’s richest man is optimistic of the Philippine market

[pioneer]

By: Cheche V. Moral
Philippine Daily Inquirer

Japan’s richest man is optimistic of the Philippine market.

In an interview with Philippine media, Tadashi Yanai said that while the global economy is sluggish, “in countries like the Philippines, the situation is very good. Asia, for the first time, has the momentum in terms of development. There’s a huge potential.”

Yanai said this at the recent opening of Uniqlo’s ninth global flagship store in Tokyo’s upscale Ginza district. The Japanese homegrown apparel brand, owned by Yanai’s Fast Retailing Co., will open its first store in Manila in June.

Yanai, 63, listed at no. 88 in Forbes Billionaire List of 2012, is Japan’s wealthiest.