Japan Approves Food Tax Cut to Combat Inflation

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This tax reduction is in addition to the spending plans promoted by the Sanae Takaichi Executive and the depreciation of the yen against the dollar.

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In order to increase the purchasing power of the Japanese, the conservative Prime Minister, Sanae Takaichi, is mobilizing to lower the tax on food consumption, which is equivalent to VAT in France. Problem, while the country's public debt amounts to more than 200 per cent of its GDP, this measure could have counterproductive effects, warns the Japanese press.