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For the first time, the wealth of each of Japan s 50 richest has exceeded $1 billion, putting SoftBank Group Corp. Chairman and CEO Masayoshi Son atop the list. | REUTERS
Kyodo Apr 22, 2021
SINGAPORE – Japan’s richest people accumulated more wealth over the past year despite the COVID-19 pandemic, with their collective wealth jumping nearly 50%, Forbes Asia reported Thursday.
The collective net worth of the country’s 50 richest people rose 48% to $249 billion from the previous year, thanks to a rebound in exports as well as the benchmark Nikkei Stock Average being up 54% from a year earlier.
Wealth of Japan s richest surges nearly 50% during pandemic
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Wealth of Japan s richest surges nearly 50% during pandemic
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By arranging to meet Japanese Prime Minister Yoshihide Suga in Washington, DC, in his first in-person summit, United States President Joe Biden appears to be sending a message: Asia, and in particular Japan, is at the heart of US foreign policy.
While issues such as the coronavirus pandemic, climate change and North Korea are expected to be high on their list of talking points, another nation, though not physically present at Friday’s meeting, is likely to be top of mind: China. Beijing has already made its displeasure about the summit known.
The US and Japan share many of the same grievances concerning China. They include Beijing’s abuse of the Uighur community in the far-western region of Xinjiang, its activities in the East China Sea and the use of advanced technology to gain an economic edge over its competitors.