One of Japan’s largest wireless carriers, SoftBank Corp is spending $20.1 billion to gain a foothold in one of the world’s biggest and most lucrative mobile markets. SoftBank Corp., Japan’s third-largest carrier, is taking a 70% stake in struggling U.S. carrier Sprint Nextel Corp. It would mark the largest-ever overseas acquisition by a Japanese company. Softbank Corp.’s $20 billion takeover…
Tag: Japan Stock Market
Risk of Failing Japan Economy with recent Earthquake, Tsunami and Nuclear meltdown | Economic Review | Japan
It reminds me of the calamitous 1995 Kobe earthquake. The Kobe quake killed 6,500 people and caused 10,000 billion yen of damage – about 2.5 percent of Japan’s gross domestic product. Over the subsequent six months the country’s stock market plunged 25 percent, even as big global markets moved higher. Yet there are big differences between conditions now and 16…