Japan’s Softbank is going to reduce monthly fees for the iPhone 3G in order to attract more customers. Softbank is willing to drop prices from 7,280 yen or $67 per month down to 2,990 yen or $27. That’s quite a price cut wouldn’t you say? I certainly hope that other carriers are watching this move.

The price cut will come from a reduced price of the data rate and it will certainly draw even more attention to the iPhone in Japan. More people should switch to the iPhone with this new low price offer.