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Japanese firms need more diverse workforces for successful globalization

Swiss giants offer model for the future of Japan's multinationals

Masayoshi Son, chairman and CEO of SoftBank Group

TOKYO -- Softbank Group CEO Masayoshi Son used the word "arbitrage" twice in his speech to the group's shareholders meeting on June 21.

Referring to the fact that the group's stock price dropped after it announced its acquisition of British semiconductor company ARM Holdings, Son said, "It often happens that (the real value of) a thing is not recognized by anybody when it makes its debut." He added, "When most people are not aware of a fact, however, there is an opportunity for huge arbitrage." 

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