Speaking Out: Softbank's Masayoshi Son

What can the U.S. learn from Asia's boom in broadband?

The United States has to wake up. The average speed of broadband in the U.S. is one-twentieth of [the speed in] Japan. This is affecting the development of software and advanced technology. The U.S. government should wake up and increase competition.

Which technologies are most likely to change the way we work and live?


Will Silicon Valley play a role in the coming recovery, and what will it be?

In America, yes, but not in the world. Korea definitely is the center of broadband, and Japan is going to become a center very quickly. The U.S. is falling behind. For the mass production of electronic goods, China is becoming the new center of the world. They will become the producer of the world and become more innovative along the way.

Before it's here, it's on the Bloomberg Terminal.