Shelly Banjo, Columnist

Japan's Cigarette Break

Nicotine curbs would benefit a supplier that's small in the U.S. and growing in emerging markets.

August 2, 2017 at 7:35 AM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

Japan Tobacco Inc. Products Ahead Of Full-Year Results — Kiyoshi Ota/Bloomberg

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Could America's nicotine loss be Japan's gain?

Japan Tobacco Inc., the world No. 4, reported a fourth straight quarter of declining cigarette volumes Wednesday as shipments fell pretty much everywhere in the world except Iran and Taiwan.