Sanae TakaichiJapan News
Takaichi's Cabinet approves two-year consumption tax cut on food and beverages to 1%.
Trade & Economic PolicyWhat was said
Japan's cabinet approved a plan to lower the consumption tax rate on food and beverages to 1 percent from the current 8 percent. This tax cut will be in effect for two years starting next April.
Cabinet OKs 2-year consumption tax cut on food to 1% from next April. Japan's cabinet approved Wednesday a plan to lower the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting…View official source