Toyota to Curb Japan Output in April as Tax Hike Kicks In

Newswire

By Yoko Kubota TOKYO, Jan 28 (Reuters) - Toyota Motor Corp plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production plans said on Tuesday. The tax hike to 8 percent from 5 percent is widely expected to spur a pickup in consumer spending before it goes into effect on April 1, followed by a temporary slump when it kicks in. The tax increase, engineered by ...

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