The nation's car industry leaders urged the government Monday to abolish automobile-related taxes to help ease the impact of the coming sales tax hike on vehicle sales.
At a joint press conference, the Japan Automobile Manufacturers Association and six other bodies called for eliminating the vehicle acquisition and weight taxes, as the government plans to draft tax reforms for fiscal 2013 in December.
The government is expected to raise the 5 percent consumption tax to 8 percent in fiscal 2014 and to 10 percent in fiscal 2015 as part of its fiscal rehabilitation efforts.