Japan PM vows consumption tax cut without new bond issuance in Diet speech

TOKYO - Prime Minister Sanae Takaichi pledged in a policy speech Monday to cut the consumption tax on food products without issuing new bonds, seeking to gain market confidence.

At the opening of the 69-day extraordinary Diet session, Takaichi also said her government will promote domestic investment by mapping out a five-year action plan by year-end, while expressing eagerness to enact legislation to reduce the number of House of Representatives seats.