Spending tens of billions of dollars in the United States should be a cinch for SoftBank. The Japanese group's founder, Masayoshi Son, on Tuesday promised Donald Trump he would invest $50 billion in the country, creating one job for every million dollars spent. The pledge may even help curry favour for the businessman's long-sought merger of his U.S. telecoms business with a rival. Creating 50,000 jobs in the thinly staffed tech industry, though, will be difficult.
Recent Japan News
TOKYO, Dec 7 Benchmark Japanese government bonds firmed slightly on Wednesday, though superlong JGBs weakened as investors positioned for the next session's 30-year sale.
TOKYO, Dec 7 Japan's Nikkei share average rose on Wednesday, buoyed by a surge in index-heavyweight SoftBank after it announced a bold investment foray into the United States.
* Two firms to hold around 20 pct stakes in each other -Nikkei
Factbox on the Club World Cup, which kicks off in Japan on Thursday:
TOKYO Regardless of whether FIFA president Gianni Infantino's plan for a 32-team Club World Cup becomes a reality, this year's tournament in Japan is likely to highlight the need for some sort of change.