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Japan's lower house passes consumption tax cut bill

Japan's lower house has passed a bill to cut the consumption tax. A separate bill on a food tax cut and cash benefits is due for a vote Friday.

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Photo: Daderot, CC0, via Wikimedia Commons

Economy ·

Japan's lower house of parliament has passed a bill to lower the consumption tax. The consumption tax is a sales tax paid on most purchases. The bill covers a cut in the tax on food.

Economy

Lawmakers are due to vote on Friday on a bill for the food tax cut and a cash benefit. The material does not give the size of the cut or the benefit.

Dollar in yen, the past month

158.27down −0.02%

158.52156.496 Oct6 Nov

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Lawmakers are due to vote on the food tax cut and cash benefit bill on Friday.

Dollar in yen158.27down −0.02%over 1 month
158.52156.496 Oct6 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

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Photo: Daderot, CC0, via Wikimedia Commons

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