Jiji Press TOKYO (Jiji Press) — Japan Tobacco Inc. has filed for approval from the Finance Ministry to raise cigarette prices in tandem with the planned consumption tax increase on Oct. 1.
If granted, most of the 115 cigarette brands will be ¥10 more expensive to reflect the tax hike from 8 percent to 10 percent, with the price of mainstay Mevius going up to ¥490 per 20-cigarette pack and that of Seven Stars to ¥510 per pack.
JT will separately raise the price of a pack of 20 refill tobacco capsules for the new Ploom S heat-not-burn device by ¥10 to ¥490, in line with the government’s decision to raise in stages the currently low tobacco tax rate for such capsules to the level for cigarettes by 2022. The per-pack price of refills for the conventional Ploom Tech device will remain at ¥490, the company said.
Cigarettes labeled as “third-class” products by JT’s predecessor, Japan Tobacco and Salt Public Corp., will see the preferential tobacco tax rate for them evoked at the end of September, prompting sharp price hikes of ¥90 for six brands including popular Golden Bat, Echo and Wakaba, currently sold for ¥330, ¥350 and ¥360, respectively. Speech