Japan Tobacco to Review Prices After Tax Rise

Source from:  Financial Times (uk) 12/24/2009

Japan Tobacco yesterday reacted angrily to the government's decision to raise the tax on tobacco by Y3.5 per cigarette, saying it would be "forced to raise its product prices" by more than the tax increase. "It is regrettable that the government has reached such a decision, as JT has strongly requested that a balanced and rational debate on the tobacco excise be conducted," the group said. Enditem