{"id":734245,"date":"2026-06-13T15:21:27","date_gmt":"2026-06-13T15:21:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/734245\/"},"modified":"2026-06-13T15:21:27","modified_gmt":"2026-06-13T15:21:27","slug":"consumption-tax-cut-on-groceries-could-do-more-harm-than-good","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/734245\/","title":{"rendered":"Consumption tax cut on groceries could do more harm than good"},"content":{"rendered":"<p>Prime Minister Sanae Takaichi is pushing for a cut in the consumption tax on groceries to help Japanese households as inflation eats away at their income and savings.<\/p>\n<p>Analysts warn that this move could spook markets, deepen fiscal worries and ultimately backfire on the administration.<\/p>\n<p>\u201cLowering the consumption tax on food items is expected to provide direct relief to households and generate some economic stimulus. However, it also comes with hefty fiscal spending,\u201d according to a report released Tuesday by Daiwa Institute of Research.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Sanae Takaichi is pushing for a cut in the consumption tax on groceries to help Japanese&hellip;\n","protected":false},"author":2,"featured_media":734246,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,197471,164,1295,5465,28586,140061,130747,8193],"class_list":["post-734245","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-consumption-tax","tag-economy","tag-food","tag-inflation","tag-japanese-economy","tag-ldp","tag-sanae-takaichi","tag-taxes"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/734245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=734245"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/734245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/734246"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=734245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=734245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=734245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}