Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs….

Japanese billionaire pledges U.S. investment.

Masayoshi Son, the founder and chief executive of the Japanese tech conglomerate SoftBank Group Corporation, let it be known before his meeting with Mr. Trump on Tuesday that his company was ready to do business in the United States. Bloomberg Technology reported that Mr. Son was raising $100 billion for an investment fund, and that at least some of it was heading to the states.

After the men met in Trump Tower, Mr. Trump was ready to take credit.

And for the second time Tuesday, the president-elect appeared in the lobby of his flagship office tower to drive home the point, with Mr. Son at his side.

Calling Mr. Son a “great man of industry,” Mr. Trump accompanied the Japanese billionaire down.

“I just came to celebrate his new job,” Mr. Son said. “I said: ‘This is great. The U.S. will become great again.’”

Mr. Son did have a particular issue with the Obama administration. He bought Sprint hoping to merge the wireless carrier with T-Mobile, but he was blocked by Mr. Obama’s regulators. He has been waiting out the Obama administration ever since.

Ironically, Mr. Trump said during the campaign that mega-mergers under Mr. Obama had been stifling competition.

Source: NYTimes

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