Global public perception of the US at stake, suggests Japan's richest man

The United States is currently witnessing two crises: COVID-19, and stressful race relations which have spurred protests across the country.

What largely began in retaliation against the police killing of a black man, George Floyd, has turned into a bigger debate about racism in America, and police brutality targeting people of colour.

Japan’s richest man feels this will impact the global perception of the United States.

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In a conversation with CNN, Tadashi Yanai, the CEO of Uniqlo’s Fast Retailing said that he hopes the ongoing protests have a “positive impact” in the long-term, while juxtaposing it with the Civil Rights Movement.

The 71-year-old is Japan’s biggest billionaire, and one of the world’s most prosperous individuals. His company Fast Retailing is Asia’s biggest clothing retailer. As per Bloomberg data, his net worth is about $31.3 billion.

The company operates globally and its operations across major US cities like New York, Los Angeles have been hit hard. Yanai also referred to the political situation in the US as “untenable”, while calling for quick reformative action to end discrimination.

He further told CNN that companies like his own are using this moment to bring about change in their own organisational set-up, and the purpose they serve in a post-pandemic world, where the distinctions between essentials and non-essentials become more pronounced.

The US is also witnessing a surge in the number of COVID-19 infections. The six American states to report record-high cases are Arizona, Florida, Oklahoma, Oregon, Texas, and Nevada. This comes in the aftermath of what many researchers claimed was the end of the country’s coronavirus peak. Many states have been forced to reopen in the middle of an economic crisis, with the country recording record unemployment rates after the lockdown.