Japan’s major opposition party said Friday it wants the consumption tax rate on food items to be scrapped for a year, ahead of a crucial parliamentary election this summer.
The country is bracing for the prospect of persisting inflation and a hit from higher U.S. tariffs, prompting political parties, to a varying degree, to consider the feasibility of reducing the current 10-percent consumption tax to appease voters in the run-up to the House of Councillors election.
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