The following is the latest list of selected news summaries by Kyodo News.----------Japan approves FY 2027 tax reform, paves way for food tax cut from AprilTOKYO - The government on Tuesday approved a tax reform package that would cut Japan's 8 percent consumption tax on food and nonalcoholic beverages to 1 percent for two years starting in April 2027 to ease the burden of rising prices.The government will not count on deficit-financing bonds to cover the tax revenue shortfall, estimated at roughly 10 trillion yen ($65 billion), Finance Minister Satsuki Katayama said amid growing concerns o…READ FULL ARTICLE
