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PoliticsTakaichi plans temporary food sales tax cut to 1% for two years
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According to a Yomiuri report, Japanese politician Sanae Takaichi plans to proceed with a temporary reduction of the food sales tax from 8% to 1% for a two-year period. The proposal, intended as a temporary step to ease the cost of living, has faced opposition from both ruling and opposition lawmakers who express concerns about its potential negative impact on Japan's already strained fiscal situation. The announcement was published by The Business Times Singapore on July 29, 2026.
Source report
TOKYO — Japanese politician Sanae Takaichi has announced plans to proceed with a reduction of the sales tax on food to 1%, according to a report by Yomiuri.
Takaichi has pledged to suspend the current 8% levy on food for a period of two years as a temporary measure.
Key Details
- The proposed tax cut would lower the food sales tax from 8% to 1%.
- The reduction is intended as a temporary step, lasting two years.
- The plan has faced opposition from both ruling and opposition lawmakers, who have raised concerns about its potential impact on Japan’s already strained fiscal situation.
Source
The Business TimesRegional
Part of this Story
Japan’s Takaichi to proceed with food sales tax cut to 1%, Yomiuri reports