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Tokyo, Oct. 15 (Jiji Press)--A majority in Japan support legislation to cut the consumption tax on food and introduce an income-linked benefit program, a Jiji Press opinion poll showed. The poll found that 55.3 pct of respondents supported the legislation while 37.3 pct opposed it. The legislation is designed to cut the 8 pct consumption tax on food to 1 pct for two years from next April...
Tokyo, Oct. 9 (Jiji Press)--The planned consumption tax cut for food is expected to reduce household financial burdens by about 36,000 yen per citizen, Japanese Prime Minister Sanae Takaichi said Friday. "The tax rate cut will basically be reflected in prices," Takaichi said at a plenary meeting of the Senate, the upper chamber of the Diet. She explained that the 36,000-yen figure was ca...
Tokyo, Oct. 7 (Jiji Press)--Japanese Prime Minister Sanae Takaichi touted her plan to cut the consumption tax on food and pay support payments to workers at a plenary meeting of the House of Representatives, the lower chamber of parliament, on Wednesday. The combination of a consumption tax reduction and support payments is "the best in light of sufficiency and promptness" to ease the impac...