real-time news and commentary for investors
Wednesday, Sep 25
Sales tax hike looms for Japanese auto industry
- Japanese automakers (NSANY.OB, TM, HMC, MZDAY.PK, SZKMY.PK, FUJHY.PK) report lower production numbers in Japan for August as government policy continues to have a strong impact on the industry.
- Analysts think demand could pick back up in front of a planned sales tax hike scheduled for next April, but then remain subdued again with the sales tax set to go as high as 10%.