SoftBank's Son says the time for 'counteroffensive' near

Japanese tech investor eyes more aggressive bets on AI startups

20230621 Softbank Son general meeting shareholders

SoftBank Group Chairman and President Masayoshi Son speaks at the company's annual shareholders meeting in Tokyo on June 21. (Screenshot from company website)

RYOHTAROH SATOH, Nikkei staff writer

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son said Wednesday that the Japanese company may take a more aggressive investment approach in the near future, as the company now sees SoftBank's financial situation as more stable.

Son's comments follow a recent recovery of the value of tech companies in which SoftBank's flagship Vision Fund invests after the fund struggled due to inflation last year.

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