- Prime Minister Sanae Takaichi is considering suspending the sales tax on food as part of her election campaign.
- Scrapping the 8% food sales tax could reduce government revenue by about 5 trillion yen (US$30 billion) annually.
- Takaichi plans to dissolve parliament and call a snap election, possibly on February 8.
- The LDP, in coalition with the Japan Innovation Party, is considering exempting food and beverages from the consumption tax for two years.
Source: nst.com.my
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.
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