Japan PM Says Won’t Rule Out Debt Issuance to Fund Tax Cut

J-CAST ニュース

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On the October 18th, 2026 broadcast of "Sunday Japon," comedian Atsuhiko Nakata of the comedy duo "Oriental Radio" sharply criticized Prime Minister Takaichi's consumption tax cut, calling it "like a debt-ridden father giving his children pocket money." He predicted that "the yen will depreciate further." The bill by the Takaichi cabinet to lower the consumption tax on food to 1% will be debated in the House of Representatives on October 20th, b…

FNN.jpプライムオンライン

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In the House of Councillors' Budget Committee, the opposition continues its questioning of the Takaichi administration regarding the consumption tax reduction and the issue of former Minister of Agriculture, Forestry and Fisheries Yanagi. Fuji TV's political reporter, Keiichi Fukui, reports live from the National Diet Press Club. Ahead of the Diet's deliberation on the bill concerning the reduction of the consumption tax on food products on the …

産経ニュース

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With less than six months to go until the government's planned April 2027 reduction in the consumption tax rate on food and beverages to 1%, preparations for this unprecedented tax cut are proceeding tentatively. However, the budget is clearly expanding to address the "side effects," most notably the reduced income of small and medium-sized farmers. Prime Minister Sanae Takaichi stated that the tax cut would be a measure to combat rising prices…

熊本日日新聞社

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So, it's time for a tax cut, tax, tax, tax. The Diet will begin deliberations tomorrow on a tax cut bill that would lower the consumption tax rate on food and beverages from 8% to 1% for a limited period of two years. Many opposition parties are against it and are taking a cautious stance. In that case, it's tax, tax, tax, tax, tax system disputes, huh? ▼The Timers, the band of Kiyoshiro Imawano, released this song in 1989.