Son meets Trump, plans $50 billion U.S. investment, 50,000 jobs

Dec 7, 2016

Son meets Trump, plans $50 billion U.S. investment, 50,000 jobs

Billionaire business tycoon Masayoshi Son said on Tuesday he would invest $50 billion in the United States and create 50,000 new jobs, a move President-elect Donald Trump claimed was a direct result of his election win. The investment revived speculation that U.S. telecoms giant ...

| Dec 6, 2016

Stocks rally on overseas equity gains

Stocks rebounded on the Tokyo Stock Exchange Tuesday, supported by overnight rises in European and U.S. equities. The 225-issue Nikkei average gained 85.55 points, or 0.47 percent, to close at 18,360.54. On Monday, the key market gauge shed 151.09 points. The TOPIX index of ...

SoftBank's Son said to plan meeting with Trump in New York

Dec 6, 2016

SoftBank's Son said to plan meeting with Trump in New York

SoftBank Group Corp. founder and Chief Executive Officer Masayoshi Son was to meet with President-elect Donald Trump in New York on Tuesday, a person with direct knowledge of the matter said. Son has no specific agenda for the meeting but wants to meet Trump ...

SoftBank's regional clean-energy ambitions find favor in Mongolia

Nov 24, 2016

SoftBank's regional clean-energy ambitions find favor in Mongolia

SoftBank Group Corp. plans to build more wind projects in Mongolia as Chairman Masayoshi Son pushes to connect countries across Asia with transmission lines to supply cheap, clean energy. The Tokyo-based company’s first wind farm in Mongolia is a 50-megawatt project being developed with ...

Nov 8, 2016

SoftBank's profit improves as Sprint gets on track

SoftBank Group Corp. reported a better-than-projected second-quarter profit, with the wireless and internet businesses in Japan bringing in cash while Sprint Corp. shows signs of improvement. Net income was ¥512.1 billion in the period ended Sept. 30, the Tokyo-based company reported on Monday. That’s ...

Nov 6, 2016

Ministry to stiffen curbs on smartphone discounts

A panel appointed by the communications ministry will call for bolstering guidelines aimed at preventing excessive discounts for smartphones, it has been learned. The proposal on Monday will stress that better standards are needed to check whether consumers are being charged legitimate fees, a ...

Oct 8, 2016

Japan punishes three firms over predatory smartphone discounts

Japan’s communications ministry imposed administrative penalties on three phone service providers on Friday for offering excessive discounts to customers buying smartphones. The ministry gave NTT Docomo Inc., KDDI Corp. and SoftBank Corp. until the end of this month to report measures to end the ...