- Japanese Prime Minister Shigeru Ishiba stated the government is prepared to take further steps to mitigate the economic impact of higher U.S. tariffs.
- Ishiba expressed caution about reducing Japan’s consumption tax rate.
- Opposition and some ruling party lawmakers have suggested cutting the consumption tax rate to help households with rising living costs.
- Ishiba emphasized the importance of targeting assistance to those most affected rather than implementing broad measures.
- He noted that Japan already has a relatively low tax rate and faces challenges such as an ageing population and fiscal issues.
Source: brecorder.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
