Japanese billionaire Tadashi Yanai says the image of America is being distorted

Japanese billionaire Tadashi Yanai says the image of America is being distorted

“The very image of America is crumbling,” Tadashi Yanai, CEO of Uniqlo Fast Retailing, told CNN Business in an exclusive interview. “I really hope this has a positive impact in the long run, just like the Civil Rights Movement.”
Yanai, 71, is the biggest billionaire in Japan and one of the richest people in the world. As the largest shareholder of Fast Retailing, the largest clothing retailer in Asia, its approximate net worth is around $ 31.3 billionaccording to Bloomberg.

In recent weeks, the company’s operations in US cities such as New York, Philadelphia, San Francisco and Los Angeles have been “severely affected” as protests erupted across the country over the death of George Floyd, Yanai said.

“This shows how devastated the spirit of the United States is. The political situation is untenable. It is not working,” he added. “There must be a stronger desire to take positive civic action when there are social problems. It is wrong to continue to ignore them, as some are now.”

Like many other companies, Fast Retailing is taking advantage of the ongoing crisis as well coronavirus pandemic, as a “catalyst for change,” the CEO said.

“What is important? What is irrelevant? Why are we doing this? They are asking us these basic questions,” he said. “As a company, we wonder why we exist.”

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