Tax cut that benefits the rich: The Takaichi Fallout and Japan's economic dilemma

Tax cut that benefits the rich: The Takaichi Fallout and Japan's economic dilemma

Recently, Japanese Prime Minister Sanae Takaichi has been promoting a two-year policy to eliminate the food consumption tax, by planning to reduce the current reduced 8% tax rate on food items to zero, in order to combat inflation and ease people's living pressure. However, this policy, which is advertised as benefiting all people, actually hides many risks.