July 26, 2011

Number of Japanese companies on Forbes most powerful companies drops

“The number of Japanese firms ranked among the world's 100 most powerful companies by Forbes magazine this year has fallen to 3 from 11 from last year...The US business magazine on Wednesday released its Forbes Global 2000 list, based on sales, profits, assets and market value...Japan's Toyota Motor, which ranked 3rd last year, dropped to 360th place, due partly to its massive recalls. Mitsubishi UFJ Financial Group, which ranked 21st last year, fell to 369th.”

Source: Japanese firms reduce presence on Forbes list

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