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Japan aims to end smartphone bundles to bring fees down
- Wednesday | 22nd August, 2018
A KDDI spokeswoman said the carrier has created plans that separate the cost of the handset and carrier fees, and has lowered fees for customers. Japan hopes that by reducing the burden of wireless fees on households it can stimulate spending in other areas as the Bank of Japan battles to reflate the economy. “Wireless costs are suppressing other spending,” the ministry source said, speaking on condition of anonymity. Shares of Japan’s wireless carriers fell by up to 5% earlier in the day, in a steady broader market, after Japan’s Chief Cabinet Secretary Yoshihide Suga was quoted by Kyodo News as saying that they have room to slash wireless fees by 40%. Japan’s top wireless carriers, NTT DoCoMo, KDDI and SoftBank, typically provide phones without upfront charges as part of fixed-term contracts that can cost as much as 10,000 yen ($90.51) a month.
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