A $14 Billion Mobile Stock Sell-Off in Japan Makes a U-Turn
- Abe push for cheaper services causes shares to yo-yo again
- Government still wants households to spend less on wireless
This article is for subscribers only.
NTT Docomo Inc. shares gained seven of the past nine trading days, rebounding after a two-day plunge triggered by a government official’s comment suggesting Japan’s mobile carriers have room to slash customer bills.
Investors have seen this movie before: A Japanese government official says mobile phone bills are too high, and the three big carriers’ shares tumble, only to recover within days or weeks.