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JAPAN MAY RAISE TAXES ON LOW-MALT BEER AFTER PRICE CUTS.

AsiaPulse News

| June 03, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, June 3 Asia Pulse - The recent trend among major breweries of lowering the prices of their low-malt beer products may rekindle discussions on raising taxes on the beverage.

Asahi Breweries Ltd (TSE:2502) will reduce the prices of its "Honnama" low-malt beer by 10 yen on June 21. Their moves follow cuts by rivals Kirin Brewery Co (TSE:2503) and Sapporo Breweries Ltd (TSE:2501) earlier this year.

This intensifying price war may trigger the Finance Ministry, which in the past has proposed increasing the low-malt beer tax to the same level as on regular beer, to start discussing the issue ...

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