Warning! The Takao municipal government is considering a policy to eliminate the food consumption tax, potentially triggering another global bond and equity market turmoil driven by Japanese government bond yield volatility.
Japan's ruling party is still considering reducing the consumption tax on food to zero. According to a projection by Japan's Ministry of Finance, eliminating the consumption tax on food would result in an annual revenue loss of approximately 5 trillion yen.
Zhitong FinanceJun 15 20:20