@ginaortiz667: Japan has approved its first consumption tax cut since 1989, reducing the tax on food and nonalcoholic beverages from 8% to 1% for two years starting April 2027. The government says the move is aimed at easing the impact of rising prices, while the roughly ¥10 trillion revenue shortfall and support measures for low- and middle-income households, farmers, and restaurants remain part of the plan. #Japan #JapanEconomy #ConsumptionTax #TaxCut #Tokyo

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Tuesday 15 September 2026 23:00:48 GMT