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Japan tech giant SoftBank posts $23 billion quarterly loss

People walk by a SoftBank shop on Monday, Aug. 8, 2022, in Tokyo. Japanese technology company SoftBank Group sank into losses for the first fiscal quarter as the value of its investments declined amid global worries about inflation and interest rates. (AP Photo/Eugene Hoshiko) A person walks by a SoftBank shop on Monday, Aug. 8, 2022, in Tokyo. Japanese technology company SoftBank Group sank into losses for the first fiscal quarter as the value of its investments declined amid global worries about inflation and interest rates. (AP Photo/Eugene Hoshiko)