The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2013 AFPSoftBank to get government-backed bank loans
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2013 AFP
18 Comments
Login to comment
SauloJpn
Shop around on borrowed money!! Sounds like most of us, but when we can't pay the bills we won't take down thousands of employees with us!
some14some
so, this is how Abenomics Massive Liquidity is used.
jeff198527
2 trillion yen? Mitsubishi Son either has big dreams and ambitions or, as my late grandmother would say, "more money than sense".
jeff198527
Typo.
JeffLee
"gov't backed"? Who guarantees these loans?
oldsanno
Bank charges high interest for high risk loans.
Government bank charges lower interest for same high risk loans. Softbank is government supported company and tax payers will end up paying for their mistakes.
pizzatime
Another "sarakin". No thank you
sighclops
Softbank had a good run while it lasted... Once the iPhone is out on Docomo, it's game over. No one in their right mind would choose such an awful, unstable network.
(NB - I've been on all three carriers)
pochan
Does that mean the Japanese government is giving them money to pay off their debt? What happens when they can't pay off the next debt?
CH3CHO
Let us see. http://www.softbank.co.jp/en/news/press/2013/20130912_01/
SoftBank formally announced the 2 trillion yen loan yesterday.
That is called leverage.
warispeace
So this is why the government needs to increase our consumption tax by 5%. A perfect example of class warfare. When will the people of this nation wake up and understand that money supply inflation, flat taxes and a less progressive (than in the past) national tax policy are impoverishing them?
CH3CHO
warispeaceSep. 13, 2013 - 03:02PM JST
I think the opposite is the case. The government affiliated banks will make a huge profit by taking part in the syndicated loan. There is no reason that their terms are any worse than other participants'.
jeff198527
Yes, Japan needs to wake up. The endless wars, lack of decent jobs, and political gridlock need to end. Oh wait, that's the US and Europe.
JeffLee
What does that have to do with Softbank getting loans from the JBIC?
oyatoi
You do, and all the other long suffering tax payers of Japan, whose yen bank deposits earn next to nothing, and whose government conjures hundreds of billions of yen to bankroll the expansionist dreams of a private concern like Softbank.
wtfjapan
SoftBank to get government-backed bank loans title should read, "softbank gets taxpayer backed bailout should there expansion gamble fail"
nath
Softbank is over reaching, paid too much for the US based carrier. And it is neglecting it's home market which is still plagued by crap coverage.
taj
Sighclops, How long ago were you using Softbank? Are you still using it?
I switched from docomo to Softbank just over 4 years ago. The gap was huge! Tokyo was not so bad, but once you were in rural Nagano or, well just about anywhere outside of a major city, you had nothing. And even within the city there were plenty of black holes.
Since that time, it has improved exponentially. There are still a few times and a few mountain passes in Tohoku where a friend on docomo or au will have network, but not me, but it's very rare. And sometimes, I have reception, where others don't.