SoftBank Corp. President Masayoshi Son, drumming up support for the idea of merging his Sprint Corp. with T-Mobile US Inc., said he can give U.S. Internet users a new option with lower prices and faster speeds.
Japan’s Topix index climbed, led by real-estate companies, as the yen weakened today and after the gauge yesterday fell the most in more than a week as intensifying conflict in Ukraine spurred a global selloff.
Pressure on the Government Pension Investment Fund to buy more stocks will benefit Japan’s public as well as boost equity markets, said the head of a panel that advised on overhauling the world’s biggest retirement fund.
Japanese shares fell, with the Nikkei 225 Stock Average entering a correction, as investors weighed corporate earnings and slowing Chinese manufacturing growth increased concern the global economic recovery is faltering.
Atsushi Saito , president of Tokyo Stock Exchange Group Inc. , said in November there would be no value in expanding Japan’s biggest stock exchange through mergers. Yesterday, the 71-year-old said he’s considering a marriage with an old rival.