Name: Expert: Takaichi's tax cut could worsen Japan's fiscal strains
Uploaded: 2026-08-28T16:28:13+08:00
Duration: 1 min 23 s
Description: Japanese Prime Minister Sanae Takaichi plans to cut the consumption tax on food from 8% to 1%, potentially reducing government revenue by around 5 trillion yen. Yuqing Xing, professor of economics at GRIPS in Tokyo, says cutting a key source of

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01:23

Japanese Prime Minister Sanae Takaichi plans to cut the consumption tax on food from 8% to 1%, potentially reducing government revenue by around 5 trillion yen. Yuqing Xing, professor of economics at GRIPS in Tokyo, says cutting a key source of social security revenue without an alternative could further undermine Japan's fiscal sustainability.

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