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Consumption Tax Should Not Be Cut, Could Trigger Japan Gov't Bond Downgrade
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2 Articles
2 Articles
Consumption tax should not be cut, could trigger Japan gov't bond downgrade
The Japanese government has decided at a Cabinet meeting to lower the consumption tax rate on food and beverages. It will be the first time since the tax was introduced in 1989 that the government has moved to cut it.
·Tokyo, Japan
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Regarding the government's basic policy to lower the consumption tax rate on food and beverages from 8% to 1% starting in April 2027, former Liberal Democratic Party Secretary-General Yutaka Moriyama (House of Representatives, Kagoshima 4th District) gave an interview to the Minami-Nippon Shimbun. Moriyama, known as a "fiscal discipline advocate," stated that the consumption tax, as the most stable source of revenue, is important for protecting …
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
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- 100% of the sources are Center
100% Center
C 100%
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