Philip Morris (PM), Japan Tobacco and British American Tobacco (BTI), which have long looked to...

|About: Philip Morris Internati... (PM)|By:, SA News Editor

Philip Morris (PM), Japan Tobacco and British American Tobacco (BTI), which have long looked to Japan as a cigarette tax haven, could soon get burned. As soon as Friday, the government may unveil a tax that could add ¥40-60 in taxes to every pack of cigarettes. Japan Tobacco has a 65% share of the Japanese market; Philip Morris has 25%; and BAT the remaining 10%.