Economics
Japan Tobacco Gains as Minister Says Prices Should Rise 75%
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Japan Tobacco Inc., the world’s third-biggest publicly traded cigarette maker, climbed to the highest in three years on speculation it can lift prices more than the tax increases proposed by the health minister.
Japan Tobacco rallied 5.4 percent to 368,000 yen, the highest since October 2008, at the 3 p.m. close of trading in Tokyo. It had the second-biggest advance today on the broader Topix index, which declined 1.7 percent.