Japan to Implement Historic Food Tax Cut Amid Inflation Concerns
Prime Minister Sanae Takaichi advances a $30 billion reduction in the consumption tax on food to ease household inflation pressures despite fiscal challenges.
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Prime Minister Sanae Takaichi advances a $30 billion reduction in the consumption tax on food to ease household inflation pressures despite fiscal challenges.
Showing 25-48 of 142 articles.
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Prime Minister Sanae Takaichi announced plans to reduce the sales tax on food from 8% to 1% for two years starting April 2027, aiming to ease living costs amid concerns over Japan's fiscal health.
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Recent missile tests and joint drills near Japan have raised concerns in Tokyo, prompting discussions on enhancing Pacific Ocean security.
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A powerful earthquake hit Kumamoto prefecture in southwestern Japan on July 28, 2026, triggering an explosion at a local mall and causing multiple building collapses and fires.
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Currency traders focus on central bank communications in Japan and the U.S. to gauge future monetary policy amid low chances of immediate rate hikes.
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Despite unease in financial markets, Prime Minister Sanae Takaichi insists her expansive economic strategy will bolster Japan's economy without triggering excessive spending.
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Japan hosts 60,000 U.S. troops, co-produces advanced missile systems, and deepens defense cooperation to deter Chinese aggression in the Indo-Pacific region.
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A recent Nikkei and TV Tokyo poll shows strong public backing for female emperors, amid recent legal changes to imperial succession rules.
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IMD highlights the importance of secure public finances and business adaptability for Japan's global competitiveness.
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Support for Prime Minister Takaichi's cabinet falls below 60% for the first time since her October 2025 inauguration, with disapproval among independents exceeding 50%.
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The Japan Immigration Services Agency will introduce stricter criteria, including a minimum income threshold above average household earnings, starting October 2026.
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The recovery marks a significant move by Japan to reduce dependence on China-dominated rare earth supply chains.
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J-Will and Advantage Partners lead Japan's private equity push into Asian markets amid growing demand for new suppliers and growth opportunities.
Nikkei Asia | Jul 24, 2026, 4:03 AMShowing 25-48 of 142 articles.