Japan Tobacco Inc. (JT) has announced that it has received approval from the Ministry of Finance for its application dated 30 July 2021 to amend retail prices of its Japanese tobacco products.
The new retail prices will be effective on 1 October 2021 for a total of 173 products, including 127 cigarette products, 18 cigarillo products, three pipe tobacco products, three cut tobacco products, 22 snuff tobacco products. “JT will strive to continue to improve the quality of its products and services, to exceed the expectations of its consumers,” JT said in a press release. The retail price amendments are already included in the 2021 consolidated forecast announced on 30 July 2021.
For example, a pack of Natural American Spirit will rise from JPY 570 (USD 5.21) to JPY 600 (USD5.49) and Camel from JPY 450 (USD 4.11) to JPY 460 (USD 4.20).