Sales-Tax Boost May May Curtail Toyota's 2014 Domestic Output

Newswire

Oct 2 (Reuters) - Toyota Motor Corp projected a drop in 2014 domestic production, expecting sales to fall after consumption tax is increased in April, business daily Nikkei reported. The Japanese government said on Tuesday that it will raise the national sales tax to 8 percent in April from 5 percent. The hike is part of a package agreed to last year by the previous government and the two current ruling parties. It is the first step in a doubling of the consumption tax - similar to a ...

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