Japan’s Takaichi Calls for Food Sales Tax Cut to 1% for 2 Years

Japan's Prime Minister Sanae Takaichi is set to reduce the sales tax on food and soft drinks to just 1% starting next April, a move aimed at fulfilling a significant campaign promise and breaking the political stalemate that has gripped the nation. This tax cut, which will last for two years, is expected to provide immediate relief to consumers amid rising living costs and could potentially boost economic activity by encouraging more spending. Such a policy shift underscores the government's commitment to addressing the financial strain on everyday families, reflecting broader efforts to stimulate economic growth.