Japan’s Takaichi to Order Food Tax Cut to 1%, Reports Say

Japan's Prime Minister Sanae Takaichi is reportedly set to implement a significant reduction in the sales tax on food and beverages, slashing it to just 1% starting next April. This move fulfills one of her key election promises and comes after several months of political negotiation. By lowering the tax, the government aims to provide immediate financial relief to consumers, especially in light of rising living costs. This decision could have broader implications for Japan's economic strategy, potentially boosting consumer spending and stimulating the economy.