TOKYO -- Despite a string of well-received acquisitions in Southeast Asia, Japan Tobacco shares are trading around 10% lower than their high for the year in May as investors weigh the possibility of a domestic tax increase on a promising new money maker.
"The market has its eyes on domestic business risks," said Satoshi Fujiwara, an analyst at Nomura Securities. JT's domestic operations still account for about 40% of operating profit despite faster expansion overseas.
