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SoftBank to unleash its lowest mobile rates in race with Docomo

New $30 plan follows Japanese market leader's price cuts under pressure from Tokyo

SoftBank's rate cut could enhance competition in Japan, where wireless rates have remained high. (Photo by Tsuyoshi Tamehiro)

TOKYO -- Japanese telecom company SoftBank Corp. will launch a wireless plan in March offering 20 gigabytes of data for 2,980 yen ($29) per month, matching a recent move by market leader NTT Docomo.

The package to be announced Tuesday will be SoftBank's cheapest package, costing less than half as much as the company's 8,480 yen 50 GB plan.

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