Toyota celebrates rare opening of Japan plant

Workers give the final check on Yaris compact sedans at the new plant in Ohira - AP PHOTO

OHIRA: Toyota celebrated the opening of an auto plant in a forsaken rural area of central Japan on Wednesday – its first new Japanese factory in 18 years that promises to grow into a significant production base for the world’s largest car maker.

Dotted with rice paddies and sometimes covered by snow, the Tohoku region where the new Toyota plant is located is the true boondocks of Japan.

Problematic tax reforms

The international community has stressed upon the government to effectively bring influential groups into the tax net. — File Photo
Revenue expansion continues to be one of the biggest challenges for the economy. Policy makers agree that without sustainable revenue growth, the state cannot step up development, reduce poverty and provide efficient service delivery. As a result, it can neither improve living standards of the people nor think of economic and political sovereignty.

The international community has stressed upon the government to effectively bring influential groups into the tax net while seeking its support for long-term macroeconomic stability and economic recovery.