Takaichi’s fiscal push could lift growth — and Japan’s already-rising interest bill

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Source: CNBC
Published: 2026-08-04 18:36 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Asia, Law & Courts, Tax & Budget, Food & Agriculture, Asia Pacific
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Snippet:
Japanese Prime Minister Sanae Takaichi has pushed forward with her plan to slash the consumption tax on food, which reportedly would be the first time the tax will be cut since its implementation in 1989 if she succeeds. On Tuesday, the ruling Liberal Democratic party advanced the bill through key committees, with Nikkei reporting Takaichi wants cabinet approval by this month, and for the bill to be tabled in parliament in the autumn.
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