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., shake hands at a Tokyo hotel on Nov. 14, 2014, after a press conference 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.

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  • ILEA001210369
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  • 2014/11/14 00:00:00
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  • Kyodo / Kyodo News Images
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  • 2014 Kyodo News
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