Japan Considers Food Tax Cut to 1% to Stimulate Economy

Japan's ruling Liberal Democratic Party has approved a proposal to cut the food consumption tax from 8% to 1% for two years, starting next April, as a major economic stimulus.

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Japan Considers Food Tax Cut to 1% to Stimulate Economy

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The proposed food tax cut is seen as a bold move to stimulate the economy and fulfill Prime Minister Kishi Sanae's campaign promise, alongside subsidies for low-income households.

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First report 1h ago•Last update 1h ago

Japan Considers Food Tax Cut to 1% to Stimulate Economy

Japan's ruling Liberal Democratic Party has approved a proposal to cut the food consumption tax from 8% to 1% for two years, starting next April, as a major economic stimulus.

Quorum · collective opinions