---
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)
generator: "portal-rs"
---

# 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

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**