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  • Next Stop: U.S. As Japan's Rich Invest: This Story Appears in The April 14, 2014 Issue of Forbes Asia

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    - Despite the rising value of the Japanese yen against the US dollar, many of Japan's wealthiest individuals are investing in the United States. - Nobutada Saji, the richest person in Japan, had Suntory purchase Beam Suntory for $16 billion to become a major player in the US liquor market and compete with large companies like Diageo. - Japanese retailers are also expanding into the US market, with the founder of Nitori home goods studying US retailers for over 30 years and now operating stores in California, and the owner of ABC Mart shoe stores acquiring a US shoe brand and opening stores on the West Coast.

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    1397569119182-Next Stop

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    - Despite the rising value of the Japanese yen against the US dollar, many of Japan's wealthiest individuals are investing in the United States. - Nobutada Saji, the richest person in Japan, had Suntory purchase Beam Suntory for $16 billion to become a major player in the US liquor market and compete with large companies like Diageo. - Japanese retailers are also expanding into the US market, with the founder of Nitori home goods studying US retailers for over 30 years and now operating stores in California, and the owner of ABC Mart shoe stores acquiring a US shoe brand and opening stores on the West Coast.

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    12 views3 pages

    Next Stop: U.S. As Japan's Rich Invest: This Story Appears in The April 14, 2014 Issue of Forbes Asia

    Uploaded by

    Theng Roger
    - Despite the rising value of the Japanese yen against the US dollar, many of Japan's wealthiest individuals are investing in the United States. - Nobutada Saji, the richest person in Japan, had Suntory purchase Beam Suntory for $16 billion to become a major player in the US liquor market and compete with large companies like Diageo. - Japanese retailers are also expanding into the US market, with the founder of Nitori home goods studying US retailers for over 30 years and now operating stores in California, and the owner of ABC Mart shoe stores acquiring a US shoe brand and opening stores on the West Coast.

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    © All Rights Reserved
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    Next Stop: U.S.

    As Japan's Rich Invest


    This story appears in the April 14, 2014 issue of Forbes Asia.
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    In January the dollar rose to a five-year high against the previously potent yen. But thats not dissuading scores of Japans richest from investing in the U.S. espite having to cough up more yen to !uy or !uild a!road" Japans richest are enticed !y the strength and si#e of the U.S. mar$et. %rom !our!on to !oots" our listers are ma$ing their mar$. &ne !ig move came in January !y No!utada Sa'i (No. )*" when he announced Suntory would !uy Beam B+,- ././01. 2he 345 !illion deal for the li6uor giant is set to close in late ,pril. 2he com!ined entity7adding !rands li$e -a$ers -ar$ and Jim Beam to Suntorys cache of whis$ies7will !e !etter positioned to ta$e on the U.8.s iageo iageo" which has invested 34 !illion in Scotch production" and %rances 9ernod :icard 9ernod :icard and its Chivas :egal !rand. Sa'i also plans to push Suntorys !eer and wine lines.

    ;intage Suntory 2asting (9hoto credit< :ollofun$* Japanese retailers are also eyeing U.S. consumers. ,$io Nitori (No. )4*" founder of an eponymous home-goods discounter" studied the mar$et as far !ac$ as a 4=>0 tour. +very year Nitori flies a!out ?// employees to the U.S. to visit @al--art" 2arget and other stores to eAamine store layout and sales techni6ues. B,merica will always !e our teacher"C Nitori told %&:B+S ,SI, in 0/4/. 2his year hes opened three ,$i-Dome stores in southern California. Dis target< 4//. ,lso eApanding his U.S. footprint is -asahiro -i$i (No. 4/*" of discount shoe retailer ,BC -art" which !ought EaCrosse %ootwear in 0/40 for 34)? million. East year he opened a few anner !rand stores on the @est Coast.

    ,nd more listers $eep loo$ing. %ast :etailing chief 2adashi Fanai (No. 0* was rumored to !e reviewing a Gap merger a few years ago and recently withdrew from tal$s to purchase J. Crew" !ut he may come !ac$ to the ta!le. Dis Uni6lo !rand has fewer than 0/ stores in the U.S. and will need a lot more to get to the 34/ !illion in ,merican sales the company eApects !y 0/0/. 72.S.

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