Japanese government plans to cut consumption tax on food to 1%
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Sanae Takaichi, Prime Minister of Japan
Japan
July 30, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 17/30/2026, 10:41:07 AM
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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