Japan PM Takaichi vows to end consumption tax cut on food after 2 years

Prime Minister Sanae Takaichi on Monday promised to restore the consumption tax rate to its original 8 percent after a planned two-year cut, amid prolonged inflation and concerns over Japan's further worsening fiscal health.Takaichi's remarks come after her ruling Liberal Democratic Party proposed last week reducing the consumption tax rate on food and beverages to 1 percent for two years from April 2027, rather than cutting it to zero as pledged during the general election campaign."I clearly state that we will bring it back to where it was two years after implementing (the reduction)," Ta…READ FULL ARTICLE