
Japan Targets Food Consumption Tax Cut to 1 per Cent Under Reshuffled Cabinet
Prime Minister Sanae Takaichi keeps key economic ministers in place to steer legislation lowering the grocery sales tax for two years starting April 2027.
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Prime Minister Sanae Takaichi keeps key economic ministers in place to steer legislation lowering the grocery sales tax for two years starting April 2027.

Economists forecast Japanese benchmark borrowing costs will reach 1.75 percent by mid-2027 as joint currency intervention eases political hurdles for monetary tightening.

Tokyo will tap a ¥2.5 trillion emergency reserve after fuel subsidy balances dropped to ¥210 billion at the end of July.

Japanese government bond yields are rising due to concerns over proposed budget reforms by Liberal Democratic Party executive Sanae Takaichi and potential shifts in US monetary policy. This movement could impact capital costs across Asia.
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