Cabinet OKs 2-year consumption tax cut on food to 1% from next April
japantoday.com
Cabinet OKs 2-year consumption tax cut on food to 1% from next April
Japan's cabinet approved a plan to lower the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting next April. The move aims to support households facing persistent inflation, but has fueled concerns about Japan's fiscal…