NTT Docomo gives Abenomics a rare win

The silver lining in the dull pockets of Japanese telecoms

William Pesek

November 5, 2018 07:00 JST

NTT Docomo's move is a sign of a more agile telecom industry -- and Japan Inc.

"NTT Docomo signals fierce mobile price war." The headline would seem to say it all about the epic rout in telecom stocks which followed the Oct. 31 news that the Japanese giant would slash charges by as much as 40%.

But no. That was a Financial Times story from 2008, when shares slumped after a newcomer entered Japan's mobile scene for the first time in many years.