Japan PM Sanae Takaichi Proposes Historic Slash in Food Consumption Tax to Combat Living Costs
Prime Minister Sanae Takaichi has proposed a drastic reduction of Japan's food consumption tax, aiming to lower the current 8% rate to just 1% for a two-year period starting next April. While the move is intended to provide immediate relief to households struggling with rising inflation and to bolster the Prime Minister's flagging approval ratings, it has sparked intense debate. Critics warn that the plan could severely exacerbate Japan's national debt and undermine the funding for social security services in an aging society.















