Japan telco shares jump after Docomo announces smaller-than-feared price cuts

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Japan telco shares jump after Docomo announces smaller-than-feared price cutsShares in Japan's big telcos jumped on Tuesday after market leader NTT Docomo announced smaller-than-feared price cuts, alleviating concerns about a profit-dampening price war. NTT Docomo shares were up 3.5 percent in early Tokyo trading, with KDDI Corp up 5.6 percent and SoftBank Corp up 2.7 percent. Japan's big three telcos are under government pressure to reduce carrier fees to help stimulate consumer spending in other parts of the economy.


Read More: https://news.yahoo.com/japan-telco-shares-jump-docomo-announces-smaller-feared-014845330--finance.html

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