17-June-2026
Economy News
 
Japan Moves Toward First-Ever Consumption Tax Cut, Adds to Fiscal Strain
17-Jun-2026

Japan is moving toward temporarily cutting its consumption tax on food to 1% in what would be the first effective reduction of its kind, further straining its already worsening finances.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-17/japan-moves-toward-first-ever-consumption-tax-cut-adds-to-fiscal-strain