Asia BOJ’s Suzuki says need to see if any positives can offset mobile...

BOJ’s Suzuki says need to see if any positives can offset mobile fee cuts

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FILE-Bank of Japan (BOJ) new policy board member Hitoshi Suzuki attends a news conference at BOJ headquarters in Tokyo, Japan July 25, 2017.

Bank of Japan board member Hitoshi Suzuki said on Wednesday he wanted to see whether any positive factors emerge to offset an expected decline in consumer prices if mobile phone charges are lowered.

The government is pressuring mobile carriers to lower the burden of smartphone costs for households, hoping that would stimulate spending in other areas and boost overall consumption.

But some economists say that measure could backfire if smartphone users don’t immediately start spending elsewhere.

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