JAKARTA — A new government tax regulation here could open up Indonesia's difficult-to-penetrate auto market to more foreign competition. This could spell the end of Japan's dominance of the 200 million-person market. Japanese brands have accounted for 90% of total market share in recent years, as high local investment in their brands entitled them to attractive import tariffs. U.S. and European automakers, however, have not invested enough to be eligible. Under the new scheme, punitive ...
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