Takaichi to Decide Japan Food Tax Cut at 0% or 1% for April
Updated
Updated · Jiji Press · Jun 7
Takaichi to Decide Japan Food Tax Cut at 0% or 1% for April
1 articles · Updated · Jiji Press · Jun 7
Summary
Takayuki Kobayashi said the final call on cutting Japan’s food consumption tax to 0% or 1% will rest with Prime Minister Sanae Takaichi.
A 1% rate is gaining support inside the government and ruling bloc because cash-register systems could be adjusted faster, making implementation next April easier than a full cut to zero.
Alex Saito of coalition partner Japan Innovation Party said the government should settle the tax-cut size and timing together with plans for a refundable tax credit system.
Zero tax on food has been Takaichi’s long-standing goal and was written into the LDP’s platform for the February lower-house election.