Japan, U.S. business chiefs urge sales tax hike to 10%

Japan, U.S. business chiefs urge sales tax hike to 10%

TOKYO, Japan - Kunio Ishihara (L), counselor at Tokio Marine & Nichido Fire Insurance Co., and John Lechleiter, chief executive officer of pharmaceutical firm Eli Lilly and Co., attend a press conference at a Tokyo hotel on Nov. 14, 2014, following an annual meeting of the Japan-U.S. Business Conference. The business leaders urged Japan's government to increase the consumption tax rate to 10 percent next year as planned to secure its commitment to fiscal rehabilitation. (Kyodo)

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