Japan to impose 1% consumption tax on food starting next April

Japan's government announced a plan to impose a 1% consumption tax on food. The measure will take effect in April of next year. The proposal

Japan's government announced a plan to impose a 1% consumption tax on food. The measure will take effect in April of next year. The proposal replaces earlier discussions of a zero‑rate tax. Officials say the modest rate will help fund social‑security spending. The change is expected to raise additional revenue for the budget. Consumer groups warn the tax could increase household expenses. The policy reflects ongoing efforts to balance fiscal needs with public pressure. The government will present the details to the Diet later this year.