Tokyo, Jan 28, 2026 (AFP) - Japan PM's tax giveaway roils markets and worries voters

NAMPA / AFP

2026-01-28

Ahead of a snap election in Japan, Prime Minister Sanae Takaichi has pledged to scrap a tax on food, but a lack of clear funding is unnerving markets and voters. As she announced the dissolution of parliament last week ahead of a February 8 vote, the ultra-conservative leader promised to exempt food products from an eight percent consumption tax for two years in response to soaring living costs. It's a measure also strongly supported by opposit......

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