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.

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.

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)

Japan, U.S. business leaders urge swift ratification of TPP

Japan, U.S. business leaders urge swift ratification of TPP

John Lechleiter (L), chief executive officer of pharmaceutical giant Eli Lilly and Co., and Kunio Ishihara, head of the Japan-U.S. Business Council, co-chair the Japan-U.S. Business Conference in Tokyo on Nov. 4, 2016. Japanese and U.S. business leaders called on their governments to quickly ratify the Trans-Pacific Partnership free trade pact so that it enters into force soon. (Kyodo) ==Kyodo