World : Japan PM Vows Consumption Tax Cut Without New Bond Issuance In Diet Speech
TOKYO, Oct 5 (Bernama-Kyodo) -- Japanese Prime Minister Sanae Takaichi pledged in a policy speech Monday to cut the consumption tax on food products without issuing new bonds, seeking to gain market confidence, Kyodo News reported.
Japanese Prime Minister Sanae Takaichi pledged to cut the consumption tax on food products without issuing new bonds during her policy speech on Monday. The move aims to boost market confidence and provide relief amid rising inflation. Takaichi also outlined a five-year action plan to promote domestic investment by year-end, focusing on risk-management areas such as economic security and cybersecurity, as well as key industries like artificial intelligence and semiconductors.
The government will submit 21 bills during the 69-day extraordinary Diet session, including the tax-cut legislation, the reduction of House of Representatives seats, and bills to diversify Japan's crude oil sources. Takaichi expressed her desire for constructive and active cross-party debates during the session, which runs until December 12.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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