Billionaire founder of Japanese 100-yen shop Yano passed away

The Japanese 100-yen shop pioneer and founder of the Daiso chain, Hirotake Yano has passed away due to heart failure at the age of 80 in Hiroshima on February 12, Daiso said in a statement on Monday.

Yano started selling goods from a street stall in 1972 and launched Daiso where all goods cost 100 yen, five years later.The firm began expanding across Asia and abroad, according to its website."I have failed many times. But I kept going because I thought there was nothing else I could do," local media quoted Yano as saying in 2001.