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Booze is far from the only thing in Japan that has fallen prey to expense-slashing and misguided investing over the past three decades, says Bloomberg Opinion’s Gearoid Reidy. ....
When Japan s economic bubble burst in the mid 1990s, brewers took advantage of lesser taxes for cheaper alternatives to malt, which rapidly took over the market. But this hurt Japanese beer s global competitiveness. Now tax on real beer has been cut, but brewers argue the prevailing rate is still 14 times Germany s and seven times that of the US ....