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Japanese Prime Minister Sanae Takaichi expects the food sales tax reduction plan to be approved by the cabinet in early August.

2026-07-30

Japanese Prime Minister Sanae Takaichi expects the food sales tax reduction plan to be approved by the cabinet in early August.

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2026-07-30

Japan Prime Minister Takaichi has decided to temporarily cut the consumption tax on food and soft drinks from 8% to 1% effective April next year, NHK reports. The move implements an LDP‑coalition pre-election pledge (originally to cut the rate to 0%

Japan Prime Minister Takaichi has decided to temporarily cut the consumption tax on food and soft drinks from 8% to 1% effective April next year, NHK reports. The move implements an LDP‑coalition pre-election pledge (originally to cut the rate to 0% for two years); the government settled on 1% after retailers said a zero rate was incompatible with cash‑register systems. The decision follows months of political gridlock and may bolster Takaichi's support.
2026-07-30

Australia's S&P/ASX 200 index opened down 22.50 points, or 0.25%, at 9016.10 on Thursday, July 30.

Australia's S&P/ASX 200 index opened down 22.50 points, or 0.25%, at 9016.10 on Thursday, July 30.
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