SoftBank is a big beneficiary of the Fed’s pandemic response
Now the Japanese technology group hopes a tech rally will boost its huge but underperforming startup fund
SHARES IN SOFTBANK, a Japanese conglomerate, have gained almost 70% in value since mid-March, more than twice as much as Tokyo’s Nikkei stockmarket index. One big reason is $23bn in share buy-backs, announced in March and now under way. Another is central-bank activity. In April America’s Federal Reserve started buying junk debt.
This article appeared in the Business section of the print edition under the headline “Born again”
Business May 23rd 2020
- America’s latest salvo against Huawei is aimed at chipmaking in China
- SoftBank is a big beneficiary of the Fed’s pandemic response
- India Inc’s profits increasingly belong to a tiny clutch of companies
- Walmart ekes out an edge in groceries during the pandemic
- Zoomers, zeros and Gen Z
- Farewell for now to a golden age of drinking
From the May 23rd 2020 edition
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