Japan's prime minister proposes two-year food-tax reduction
The proposal aims to ease living costs without financing the cut through new bonds.
Prepared by Akhbar Al Watan News 24
Japanese Prime Minister Sanae Takaichi pledged to cut the food consumption tax from 8% to 1% for two years beginning in April, according to Qatar News Agency.
She said the government aims to implement the reduction without issuing new bonds, supporting low- and middle-income households. The programme also includes a five-year investment plan to be prepared by year-end. These measures remain pledges and plans subject to approval and implementation.