NTT Docomo to follow KDDI in reviewing smartphone contracts
Kyodo -- Aug 03
Mobile carrier NTT Docomo Inc. said Thursday it plans to review its two-year smartphone contracts by next March, a day after rival KDDI Corp. pledged to change its contracts in response to government warnings.

For customers receiving discounts on monthly fees under the two-year contracts, Japan's three major carriers including SoftBank Corp. currently require subscribers to pay penalties if contracts are canceled before maturity or charges for extra one-month periods to end contracts shortly after 24 months.

While two-year contracts are automatically renewed, subscribers can terminate them without penalty fees or extra charges during the 25th and 26th months.

The top carriers have been using such sales tactics to retain subscribers, but the internal affairs ministry urged the three carriers in June to review their two-year rules.

Also in June, the Japan Fair Trade Commission warned that four-year installment payment plans provided by some carriers poses antitrust problems.

News source: Kyodo
Aug 18
A bottle of rare Japanese whisky sold at a world-record price on Friday, the third record shattered this year for a single malt from the country. (Nikkei)
Aug 14
Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it expands its presence in the domestic market. (Japan Today)
Aug 14
SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas with the help of robots, according to people familiar with the conversations. (Japan Times)
Aug 11
Japan's SoftBank Group has agreed to invest an additional $1 billion in shared-office company WeWork, where SoftBank CEO Masayoshi Son sees the potential for a repeat of his lucrative bet on Alibaba Group Holding. (Nikkei)
Aug 09
Sometimes it can be hard to differentiate between companies that offer business finance. Many of these companies offer very similar packages and plans with slightly altered rates. (newsonjapan.com)
Aug 07
Imported bluefin tuna are flooding in Tokyo's Tsukiji fish market, amid sluggish domestic supplies, including of renowned tuna from Oma, Aomori Prefecture, due to tighter fishing controls. (Jiji)
Aug 07
Controversial Japanese casino tycoon Kazuo Okada has been arrested in Hong Kong over alleged and unspecified "corruption-related" offences, his former company in Tokyo said on Monday. (Japan Today)
Aug 03
Mobile carrier NTT Docomo Inc. said Thursday it plans to review its two-year smartphone contracts by next March, a day after rival KDDI Corp. pledged to change its contracts in response to government warnings. (Kyodo)
Aug 03
Sharp will stop making household appliances in Japan, relocating production abroad as it turns toward markets such as China and Southeast Asia. (Nikkei)
Aug 02
One in four Japanese companies reported record-breaking profit for the quarter ended in June, marking a strong start to a fiscal year fraught with trade concerns. (Nikkei)