{"id":634946,"date":"2026-06-12T14:08:16","date_gmt":"2026-06-12T14:08:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/634946\/"},"modified":"2026-06-12T14:08:16","modified_gmt":"2026-06-12T14:08:16","slug":"consumption-tax-cut-on-groceries-could-do-more-harm-than-good","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/634946\/","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":634947,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,128428,1294,1431,13208,104229,86762,56,54,55],"class_list":["post-634946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-consumption-tax","tag-economy","tag-inflation","tag-japanese-economy","tag-ldp","tag-sanae-takaichi","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/634946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=634946"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/634946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/634947"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=634946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=634946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=634946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}