Japan Cabinet endorses 2-year consumption tax cut on food

Japan Cabinet endorses 2-year consumption tax cut on food

Japanese Prime Minister Sanae Takaichi (C) and her ministers are pictured ahead of an extraordinary Cabinet meeting at the premier's office in Tokyo on Aug. 5, 2026. The Cabinet approved a plan to cut the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting in April 2027.

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  • ILEA005090161
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  • Kyodo / Kyodo News Images
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  • 2026 Kyodo News
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        Japanese Prime Minister Sanae Takaichi is pictured ahead of an extraordinary Cabinet meeting at the premier's office in Tokyo on Aug. 5, 2026. The Cabinet approved a plan to cut the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting in April 2027.
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          Japanese Prime Minister Sanae Takaichi is pictured ahead of an extraordinary Cabinet meeting at the premier's office in Tokyo on Aug. 5, 2026. The Cabinet approved a plan to cut the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting in April 2027.
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                  Japan to cut consumption tax on food to 1% from April 2027

                  Japan to cut consumption tax on food to 1% from April 2027

                  Japanese Prime Minister Sanae Takaichi, during a press conference in Tokyo on July 30, 2026, explains the government's plan to cut the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting in April 2027.
                    Japan to cut consumption tax on food to 1% from April 2027

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                    Japanese Prime Minister Sanae Takaichi, during a press conference in Tokyo on July 30, 2026, explains the government's plan to cut the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting in April 2027.
                      Japan to cut consumption tax on food to 1% from April 2027

                      Japan to cut consumption tax on food to 1% from April 2027

                      Japanese Prime Minister Sanae Takaichi, during a press conference in Tokyo on July 30, 2026, explains the government's plan to cut the consumption tax rate on food and beverages to 1 percent from the current 8 percent for two years starting in April 2027.