Japan Extends Tax Break to Aid Automakers as Recovery Falters
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Japan extended the duration of tax breaks for fuel-efficient vehicles to support automakers as gains by the yen and weakness in global demand hurt the nation’s economic recovery.
The program will expire April 2015 instead of next April, according to an outline of tax policies approved by cabinet members in Tokyo today. Japan will also resume for one year rebates for eco-friendly vehicles, which expired in September, according to the documents.