Re:After WeWork, SoftBank’s Startup Bookkeeping Draws Scrutiny
by johneth on Thursday November 28, 2019 @02:32PM
(#21659658)
> The BoJ owns 9.78% of Softbank. https://group.softbank/en/corp/irinfo/stock/ownership/
Are you sure? I just Googled 'The Master Trust Bank of Japan Ltd.' (the only listed shareholder with 9.78% ownership) and it seems to be owned by Mitsubishi Trust Bank and a bunch of other banks, and nothing to do with the BoJ...
Re:After WeWork, SoftBank’s Startup Bookkeeping Draws Scrutiny
by rtpg on Friday November 29, 2019 @12:05AM
(#21662193)
http://www.opac1.com/bank/detail.php?bcd=5960 yeah according to this it's owned by Mitsubishi Trust, Nippon Life Insurance, Meiji Life Insurance, Touyou Trust (which became a chunk of UFJ Trust), and ... I think Deutsche Bank?
So like a bunch of fingers in this pie. A good or a bad thing depending on your perspective.
Re:After WeWork, SoftBank’s Startup Bookkeeping Draws Scrutiny
by whatok on Thursday November 28, 2019 @08:19PM
(#21661254)
The BoJ does not own 9.78% of SOFTBK; the Master Trust Bank of Japan does. Here is their website:
https://www.mastertrust.co.jp/
I don't know much about them but from a brief look they look comparable to BNY Mellon.
Softbank cannot borrow directly from the BoJ because it is not an actual bank. However, they recently issued bonds at a 1.38% rate: https://economictimes.indiatimes.com/markets/bonds/gone-in-1...
Welcome to NIRP.
Thankfully, Softbank's internal exposure to the Vision Fund is quite limited. Also, they have a sizeable liquid stake in Alibaba worth $100 billion they can unwind if they start needing cash. I don't think retail SoftBank investors are in imminent danger, but I do think the BoJ eating up so much liquidity in sovs is pretty crazy.