Softbank Corp., which won the right to introduce Apple Inc.'s iPhone in Japan, said Monday it will offer the mobile phone for as low as ¥23,040.

The 16-gigabyte model will be sold for ¥34,560, Tokyo-based Softbank said in a statement.

Customers will be able to pay for the handsets, which will go on sale July 11, over two years, Softbank President Masayoshi Son said. The iPhone will come with a ¥5,985 monthly data plan, he said.