JTI Sell-Off Decision Perhaps One Week Off

Source from:  Tobacco Reporter 09/21/2011

The Japanese government is to try to reach a decision by September 26 on whether to sell part of its 50 per cent stake in Japan Tobacco Inc, according to a story by Tetsushi Kajimoto and Rie Ishiguro for Reuters. Japanese Finance Minister, Jun Azumi, said on Friday that the government was considering selling its stake in JTI and Tokyo Metro, and raising income and corporate taxes to help pay for reconstruction after the March 11 earthquake and tsunami. To sell its stake in JTI, the government would have to amend the law, which currently requires it to hold a 50 per cent share in the cigarette maker. JTI has said that it is in favor of the government's selling more of its stake. Enditem