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.