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The BoJ owns 9.78% of Softbank. https://group.softbank/en/corp/irinfo/stock/ownership/ https://group.softbank/en/corp/irinfo/stock/ownership/ Softbank cannot b

The BoJ owns 9.78% of Softbank. https://group.softbank/en/corp/irinfo/stock/ownership/ https://group.softbank/en/corp/irinfo/stock/ownership/ 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-146-seconds-japan-investors-race-to-buy-softbank-bonds/articleshow/71092419.cms 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.

johneth 7y ago
> The BoJ owns 9.78% of Softbank. https://group.softbank/en/corp/irinfo/stock/ownership/ 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...
- rtpg 7y ago
  http://www.opac1.com/bank/detail.php?bcd=5960 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.
wolco 7y ago
That 100 billion Alibaba valuation looks fishy.
whatok 7y ago
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/ https://www.mastertrust.co.jp/ I don't know much about them but from a brief look they look comparable to BNY Mellon.

johneth 7y ago

> The BoJ owns 9.78% of Softbank. https://group.softbank/en/corp/irinfo/stock/ownership/ 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...

rtpg 7y ago
http://www.opac1.com/bank/detail.php?bcd=5960 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.

wolco 7y ago

That 100 billion Alibaba valuation looks fishy.

whatok 7y ago

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/ https://www.mastertrust.co.jp/ I don't know much about them but from a brief look they look comparable to BNY Mellon.