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Japan PM instructs ruling party to proceed with temporary sales tax cut

Channel News Asia Thursday 30 July 2026, 03:17 UTC 1 min read
Key Points

Japan PM instructs ruling party to proceed with temporary sales tax cut TOKYO, July 30 : Japanese Prime Minister Sanae Takaichi instructed ruling party executives to proceed with preparations to cut the sales tax rate on food items to 1 per cent from 8 per cent for two years, a senior ruling party official said on Thursday. The government will likely finalise the tax-cut plan in a cabinet meeting in early August, and submit relevant legislation in a parliament session convening in autumn.

Japan PM instructs ruling party to proceed with temporary sales tax cut TOKYO, July 30 : Japanese Prime Minister Sanae Takaichi instructed ruling party executives to proceed with preparations to cut the sales tax rate on food items to 1 per cent from 8 per cent for two years, a senior ruling party official said on Thursday. The government will likely finalise the tax-cut plan in a cabinet meeting in early August, and submit relevant legislation in a parliament session convening in autumn. Source: Reuters
Japan (LOCATION) TOKYO (LOCATION) Japanese (ORG) Sanae Takaichi (PERSON)
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