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03

A $14 Billion Mobile Stock Sell-Off in Japan Makes a U-Turn

By Tony Seruga

Abe push for cheaper services causes shares to yo-yo again
Government still wants households to spend less on wireless

NTT Docomo Inc. shares gained seven of the past eight 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…

A $14 Billion Mobile Stock Sell-Off in Japan Makes a U-Turn

Categories : Private Equity

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