Live Updates > Live Update Details
2026-05-26 09:57:07
[Japan's Food and Beverage Consumption Tax Cut: Government Prefers 1% Rather Than Zero, Prime Minister May Decide in Late June] (1) It has been reported that the Japanese government is inclined to reduce the consumption tax rate to 1% rather than zero for the two-year period. (2) Prime Minister Sanae Takaichi may make a final decision as early as late June. (3) Lowering the tax rate to 1%, compared to the ruling party's previous promise to reduce it to zero, would halve the adjustment time required for the point-of-sale system.
