Wired
On September 3, the Nikkei Stock Average soared when it was reported that Prime Minister Yoshihide Suga would not run for the next LDP presidential election. Share prices of mobile carriers were divided into a rise, which was expected to ease the pressure to reduce prices, and a decline due to concerns about the disappearance of the boost.
KDDI and NTT rose, Rakuten fell due to news reports of Prime Minister Suga’s resignation
At around 11:50 am on September 3, when it was reported that Prime Minister Yoshihide Suga would resign without running for the next presidential election, the stock price of the Tokyo market was raised due to expectations for economic measures by the next administration. The stock price rose across the board, and the Nikkei Stock Average reached a high of nearly 600 yen compared to the previous day.
According to the Nihon Keizai Shimbun, mobile phone-related stocks, which are expected to settle pressure on price cuts by the Kan administration, recorded a 3.8% increase in KDDI and a 2.5% increase in NTT, exceeding the Nikkei average of 1%. bottom. The rate of increase of Softbank was about 0.8%.
On the other hand, Rakuten, which entered as a fourth career, has fallen 2.4% due to concerns that the administration will lose its support.
At the time of Chief Cabinet Secretary, attention was paid to “there is room for 40% reduction in mobile phone charges”
Mr. Suga, who served as Deputy Minister of Internal Affairs and Communications and Minister of Internal Affairs and Communications, gathered a lot of attention in August 2018 when he was Chief Cabinet Secretary of the Abe Cabinet, saying, “There is room for a 40% reduction in mobile charges in Japan.”
The following September, the Ministry of Internal Affairs and Communications launched six meetings of experts and began considering ways to reduce mobile phone charges.
At the time of Chief Cabinet Secretary, Mr. Suga repeatedly made remarks to the effect of requesting a reduction in mobile phone charges as follows.
- Major mobile carriers make too much money (September 2018)
- Mobile phone charges will drop around October 2019 (October 2018)
- The profit margin of mobile carriers is high. Mobile phone charges will still be reduced (July 2020)
KDDI’s president Makoto Takahashi complained, “I want us to leave the business model to us,” and there was a backlash against the government’s intervention in tariff setting, which was also called “government-made price cuts.”
Winner of the Liberal Democratic Party presidential election with the main policy of reducing mobile phone charges
In September 2020, Mr. Suga ran for the presidential election with the main policy of “reducing mobile phone charges,” and was elected as Prime Minister.
At the end of July 2021 after three major carriers announced new tariff plans (ahamo, povo, LINEMO), they said that they would be “doubled,” and “still in the middle of the road,” and demanded further tariff reductions. ..
Source: Nihon Keizai Shimbun
Photo: Photo AC, Google Finance
(hato)
Source: iPhone Mania