Japan’s PM Pushes for Early Cut in Consumption Tax on Food

In a recent statement, Japan’s Prime Minister expressed his desire to implement a reduction in consumption tax on food items as soon as possible. This is considered a key economic policy to alleviate financial pressure on citizens amid rising prices.

The tax cut is seen as a measure to support households, especially low-income groups, for whom food costs account for a large share of total spending. No details have yet been released on the specific timeline or the extent of the reduction.

The move signals the government’s priority on welfare policies and macroeconomic stability, particularly after global price fluctuations. Analysts expect the policy to be discussed in detail soon in the Japanese Diet.