Japanese government considers energy price support measures due to Middle East situation
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Government of Japan
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 Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This classic work provides a comprehensive history of the global oil industry and explains how geopolitical tensions in the Middle East directly dictate global energy prices and national economic policies.
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