Japan's ruling party supports significant tax cuts, increasing fiscal pressure and weakening the yen
2026-08-04 05:58:04
According to CoinMeta, Japan's ruling party supports reducing the food consumption tax from 8% to 1%, and this plan will take effect next April for a period of two years. This move increases Japan's fiscal pressure, which the market interprets as further resistance to the Japanese yen. At the same time, the plan also includes cash transfers of about 600 billion yen per year, targeting low-income and middle-income families, further increasing short-term fiscal commitments. Due to the lack of a clear source of funds, market concerns about the yen have intensified, and it is expected that this will continue to put pressure on the yen.
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Source:Internet
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