Japan’s Takaichi to decide this month on cutting food tax to 1%
Economy
PM’s ruling party pledged to take tax rate to zero, but cash register adjustments pose hurdles
Prime Minister Sanae Takaichi says she wants to cut the consumption tax rate on food as soon as possible. (Photo by Ken Suzuki)
TOKYO — Japanese Prime Minister Sanae Takaichi is set to decide this month whether to cut the consumption tax rate on food to 1% from the current 8% from April next year, a reduction that can be more quickly implemented than eliminating the charge altogether.
