Suga Win Boosts Data-Firm Stocks While Mobile Carriers Drop

  • Docomo, KDDI shed $24 billion in market cap since Abe resigned
  • NTT Data, Fujitsu, NEC climb on plan for new ‘Digital Agency’
Yoshihide SugaPhotographer: Issei Kato/Bloomberg
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The formal takeover by Yoshihide Suga as Japan’s prime minister this week is already creating winning and losing stock ideas.

The contrast in the new era of “Suganomics” was stark in Tokyo on Friday, with the nation’s largest telecommunications providers dropping further on his latest push to cut mobile phone bills while stocks related to his plan for a new “Digital Agency” gained.