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Japan's Takaichi Calls for Food Sales Tax Cut to 1%, NHK Says
Jul 30, 2026
Bloomberg Business

Japan's Takaichi Calls for Food Sales Tax Cut to 1%, NHK Says

Japanese Prime Minister Sanae Takaichi decided to cut the sales tax on food and soft drinks to 1% starting April next year. This move follows months of political deadlock. By lowering costs for families, the government hopes to boost spending and provide relief as the country faces ongoing economic pressure.