Japanese Prime Minister Sanae Takaichi delivered a policy speech on Monday, pledging to cut the consumption tax on food products without issuing additional government bonds. The move is aimed at bolstering confidence in financial markets.
According to the speech, Takaichi stressed that the tax reduction will be carried out within the framework of the existing budget and will not rely on revenue from new bond issuance. It is one of the key policy priorities outlined by the head of Japan's government, reflecting a direction that balances support for consumers with fiscal discipline.
The policy address comes as public opinion and investors are closely watching the Japanese government's economic measures, especially decisions on taxes and public spending. The pledge not to issue new bonds is seen as a signal intended to reassure markets about the country's fiscal outlook.
