Consumption tax cut on groceries could do more harm than good ^77%

The Japan Times - By Kazuaki Nagata - 6/12/2026, 6:36 AM

Negativity Bias 49.5% - Unattributed Quote 38.9% - Framing Effect 31.6%

Prime Minister Sanae Takaichi is pushing for a cut in the consumption tax on groceries to help Japanese households as inflation eats away at their income and savings. Analysts warn that this move could spook markets, deepen fiscal worries and ultimately backfire on the administration. “Lowering the consumption tax on food items is... more