Japan's Cabinet approves bill for 1st food consumption tax cut

NAMPA / Xinhua

2026-10-09

TOKYO, Oct. 9 (Xinhua) -- Japan's Cabinet on Friday approved a bill to temporarily cut the consumption tax on food and beverages and introduce an income-based benefit program, marking a major step toward securing its passage during the current Diet session. Under the bill, the consumption tax rate on food and beverages would be reduced from 8 percent to 1 percent for two years starting in fiscal 2027, which begins next April. The bill also pro......

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