BREAKING NEWS: Japan Gov't to Review Expenditure to Cushion Food Tax Cut Impact: Spokesman

Japan’s Cabinet to Approve Sales Tax Cut With Funding Unclear

Japan's government approves food consumption tax cut

Japan's government has decided to lower the consumption tax on food to 1 percent for two years from April 2027. It currently stands at 8 percent.

Bank of Japan’s ETF holdings may help fund tax cut, LDP executive says

TOKYO, Aug 6 (Reuters) - Tapping the Bank of Japan's holdings of exchange-traded funds (ETF) may be an option to fund a planned sales tax cut, a ruling ​party executive said in a recent online programme, ‌a sign its vast asset holdings could come under...

Sales tax to be temporarily reduced

ECONOMY

Can Japan Afford a Costly Food Tax Cut Amid Mounting Fiscal Pressure?

Japan’s government has approved Prime Minister Sanae Takaichi’s flagship proposal to sharply reduce the consumption tax on food, despite growing concerns over the country’s already stretched public finances. The cabinet endorsed the plan after receiving unanimous approval from the ruling Liberal Democratic Party (LDP), clearing the way for implementation in April 2027, pending parliamentary approval. […] The post Can Japan Afford a Costly Food T…