Tokyo: President Donald Trump’s promise to deregulate the US economy would be positive for SoftBank Group Corp., Masayoshi Son, the billionaire founder of the Japanese telecommunications company said.

“President Trump has promised to ease various regulations and that should make it easier to do business," Son said at a press briefing in Tokyo following the release of SoftBank’s results for the quarter ended 31 December.

Son didn’t specify what deregulation promised by Trump would benefit his company, which controls US telecommunications company Sprint Corp. Reuters