Japan considers supplementary budget to address rising energy costs
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Sanae Takaichi / Japanese Government
Japan
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Japanese government plans to cut consumption tax on food to 1%
Prime Minister Takaichi plans to cut consumption tax on food and beverages to 1% for two years starting April 2027. The plan includes cash handouts to low- to middle-income earners. The measure aims to mitigate the impact of high prices on households.
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The Price of Time: The Real Story of Interest
Author: Edward Chancellor
This book provides a profound historical and economic analysis of how interest rates shape economies and the dangers of prolonged intervention, which is essential for understanding the tension between Japan's fiscal sustainability and the necessity of energy subsidies.
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