SoftBank’s $50 billion US investment

During the presidential transition, the CEO of Japanese technology giant SoftBank paid a visit to Trump Tower in New York City to announce meet with the then president-elect. Masayoshi Son, or “Masa,” announced a $50 billion US investment would create 50,000 jobs over four years. The money, he said, would come from a $100 billion fund he created with Saudi Arabia in October 2016. “Masa said he would never do this had we (Trump) not won the election!” Trump tweeted of the US investment. Many analysts, however, were skeptical of Trump’s claim that SoftBank would not have invested in the US had he not won the election. “Those billions were likely to end up in the US no matter who won,” according to a Wall Street Journal report. “SoftBank announced the $100 billion SoftBank Vision Fund nearly a month before the election, when most pundits expected Mr. Trump to lose. Given its size, the fund was likely to put most of its money in the US, still home to the world’s most-promising technology companies.” Jun Tanabe, who works at JPMorgan Securities in Tokyo and analyses Soft Bank, told the Washington Post he believed Masa was trying to build a good relationship with Trump.