• Bloomberg


Japan Tobacco Inc. says a proposal to triple cigarette prices through higher taxes would devastate the nation’s tobacco industry and could hurt the share price of the world’s third-largest publicly traded cigarette maker.

“It would be disastrous harm for consumers first and the industry as well,” President Hiroshi Kimura said in an interview at the company’s Tokyo headquarters Wednesday. “Any tax hike is going to be very challenging for us.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.