TOKYO: Masayoshi Son’s Vision Fund has poured billions into startups around the world, but so far made zero investments in his home country Japan.

       SoftBank Group Corp is now hiring an investment professional whose job would be to change that.

       SoftBank Investment Advisers, a unit that operates the Vision Fund, is looking to fill an investment vice-president position in Tokyo, according to a job listing posted on LinkedIn.

       The new person will “research and recommend companies for SoftBank to invest in or acquire in Japan,” it said.

       A Vision Fund spokesman confirmed that the company is hiring for the role.

       Son, who frequently rails against the Japanese government’s cautious approach to ride-hailing and home-sharing, has shied away from big investments in domestic startups.

       SoftBank’s portfolio covers more than 300 companies spread over three different funds and countries ranging from Indonesia to Brazil.

       The United States accounted for about a third of its total value, while China and the rest of Asia hold nearly half.

       “What’s most depressing is of all the Vision Fund investments, not one is in a Japanese company,” SoftBank chief financial officer Yoshimitsu Goto told investors on an earnings call last week.

       “We really hope that Japanese entrepreneurs will create more companies we could invest in.”

       Japan has come a long way from the time when you needed an equivalent of US$100,000 (RM424,050) in capital to register a company and venture investment was virtually non-existent.

       Still, the country lags far behind its Asian neighbours and the United States when it comes to creating major private startups. There are nearly 800 so-called unicorns in the world, according to CB Insights, with about 400 in the US, more than 150 in China and fewer than 40 in India. Only six made the list from Japan, the world’s third-largest economy, same as Hong Kong. — Bloomberg

       — Bloomberg