--- title: "Japan's Takashi said it will promote the suspension of the food tax" type: "News" locale: "en" url: "https://longbridge.com/en/news/275345389.md" description: "Japanese Prime Minister Sanae Takaichi announced a plan to reduce the food consumption tax from 8% to zero for two years to address the cost of living crisis. The government plans to work with opposition parties to establish a cross-party committee, aiming to draft a temporary report before summer to outline the framework for the tax rate reduction. This measure will be funded by reviewing subsidies and special tax measures and is seen as a temporary bridge to alleviate the burden on low- and middle-income earners" datetime: "2026-02-09T16:00:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275345389.md) - [en](https://longbridge.com/en/news/275345389.md) - [zh-HK](https://longbridge.com/zh-HK/news/275345389.md) --- # Japan's Takashi said it will promote the suspension of the food tax Japanese Prime Minister Sanae Takaichi stated on Monday that a plan to address the cost of living crisis will be advanced, reducing the consumption tax on food from 8% to zero for a period of two years. Takaichi indicated that the government will engage with opposition parties willing to cooperate to establish a cross-party national committee, aiming to compile a temporary report before summer that outlines the basic framework for the tax rate reduction. She added that the two-year suspension measures will be funded through a review of subsidies and special tax measures, as well as utilizing non-tax revenue, describing this move as a "temporary bridge" until the introduction of a refundable tax credit system aimed at alleviating the burden on low- and middle-income earners ### Related Stocks - [1369.JP](https://longbridge.com/en/quote/1369.JP.md) ## Related News & Research - [07:11 ET7-Eleven, Inc. Celebrates Summer Solstice with Hot Deals for the Longest Day of the Year](https://longbridge.com/en/news/289454653.md) - [THINKCAR and MUCAR Brought AI Diagnostics to 200+ KOLs at the AliExpress Brand+ Summer Party in London](https://longbridge.com/en/news/289612074.md) - [Tariffs, climate change and conflict push grocery prices higher](https://longbridge.com/en/news/289669575.md) - [09:02 ETFrom the Ground Up: Nature's Path Invests in Organic Community Gardens; Expanding Organic Food Access Across North America](https://longbridge.com/en/news/289194400.md) - [Fresh setback for AIADMK as four former ministers join Vijay's TVK](https://longbridge.com/en/news/288925767.md)