Japan Moves to Cut Food Consumption Tax to 1%
Prime Minister Sanae Takaichi's government has submitted a bill to parliament to reduce the consumption tax on food and nonalcoholic beverages from 8% to 1% starting in April, which Takaichi defends as strengthening confidence in the yen and as worth about ¥36,000 per citizen.
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| Oct 9, 6:02 PM | japantimes.co.jp | Tax cut to bring ¥36,000 benefit per citizen, Takaichi says |
| Oct 8, 11:29 PM | japantimes.co.jp | Government submits bill on food consumption tax reduction to parliament |
| Oct 8, 9:32 PM | bloomberg.com | Japan’s Takaichi Says Growth Push Will Help Support Trust in Yen |