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Japan , Monday 31 August 2026

Japan's ruling party backs Takaichi's costly food tax cut plan despite fiscal concerns

Published on: Tuesday 04 August 2026

Japan's ruling party backs Takaichi's costly food tax cut plan despite fiscal concerns TOKYO, Aug 5 (Reuters) - Japan's ruling Liberal Democratic Party on Wednesday signed off on a sweeping consumption tax cut championed by Prime Minister Sanae Takaichi, despite mounting concerns over the nation's already strained finances. The unanimous approval by the LDP's general council paves the way for cabinet endorsement of the plan later in the day, with implementation targeted for April


News source: https://www.msn.com/en-us/money/markets/japans-ruling-party-backs-takaichis-costly-food-tax-cut-plan-despite-fiscal-concerns/ar-AA29pTFj

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