Host of contentious bills await Takaichi in autumn session of parliament
Top priority has been given to a bill reducing the consumption tax on food and beverages from 8% to 1% over a two-year period beginning April 1, 2027.
The autumn session of Japan's parliament, commencing on Monday, may prove pivotal for Prime Minister Sanae Takaichi and her political future in 2027, as her government grapples with a string of contentious bills during the 69-day legislative period, slated to conclude on December 12.
Among the approximately 21 bills slated to be presented to the House, the administration has earmarked one as a top priority. The proposed legislation seeks to decrease the consumption tax on food and beverages from the current 8% to a reduced rate of 1% over the course of two years, commencing from April 1, 2027. The government has characterized this tax reduction, coupled with the introduction of a new income-linked benefits program, as temporary measures aimed at offering relief to consumers. However, these initiatives will result in a projected revenue shortfall of ¥5 trillion annually.
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