Japan to allow new entrants in sake industry to boost exports

Japan plans to allow new entrants in the tightly regulated sake brewing industry to boost exports of the traditional alcoholic beverage, ruling party lawmakers said Monday.Sake brewing has been strictly regulated to avoid excessive competition and ensure stable tax revenue. The ruling Liberal Democratic Party is set to include the deregulation plan in the government's tax reform package for fiscal 2020 starting next April, they said.Brewing licenses will be given to new entrants producing sake exclusively for overseas markets, they said.The government's tax reform package will be finalized …READ FULL ARTICLE