Recently, the Japanese government held an interim cabinet meeting to pass the food consumption tax reduction policy and decided to reduce the tax rate from the current 8% to 1% starting April 2027. The policy is valid for 2 years. During the reporter's random interview on the street, many Japanese people said they clearly felt that prices had risen over the past year, and it was difficult to give a positive assessment of the Takao Cabinet's economic measures. Japanese experts said that the effects of lowering the food consumption tax can easily be offset by rising prices, and the consumption tax reduction may not be effective in relieving the pressure on people's lives.

Recently, the Japanese government held an interim cabinet meeting to pass the food consumption tax reduction policy and decided to reduce the tax rate from the current 8% to 1% starting April 2027. The policy is valid for 2 years. During the reporter's random interview on the street, many Japanese people said they clearly felt that prices had risen over the past year, and it was difficult to give a positive assessment of the Takao Cabinet's economic measures. Japanese experts said that the effects of lowering the food consumption tax can easily be offset by rising prices, and the consumption tax reduction may not be effective in relieving the pressure on people's lives.