Japan to cut food consumption tax to 1% from April 2027

Japanese Prime Minister Sanae Takaichi announced on Thursday that the consumption tax on food will be cut from 8% to 1% for two years, starting April 2027. The measure is designed to ease the burden of persistently high prices on households. Economists have raised concerns about the fiscal and inflationary consequences.

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🌍 World Japan to slash food tax from 8% to 1% for two years — economists alarmed Money.pl · 1d ago 📈 Business Japan to slash consumption tax to 1% from 2027 — economists alarmed TVN24 · 21h ago 🌍 World Japan earthquake kills at least 13, leaves around 100 injured in Kumamoto Interia Fakty · 2d ago

More on this topic

🌍 World Japan to slash food tax from 8% to 1% for two years — economists alarmed Money.pl · 1d ago 📈 Business Japan to slash consumption tax to 1% from 2027 — economists alarmed TVN24 · 21h ago 🌍 World Japan earthquake kills at least 13, leaves around 100 injured in Kumamoto Interia Fakty · 2d ago