{"id":701959,"date":"2026-06-13T16:01:38","date_gmt":"2026-06-13T16:01:38","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/701959\/"},"modified":"2026-06-13T16:01:38","modified_gmt":"2026-06-13T16:01:38","slug":"consumption-tax-cut-on-groceries-could-do-more-harm-than-good","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/701959\/","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":701960,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,178491,101,299,2402,28167,141899,118502,1548],"class_list":["post-701959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","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\/us\/wp-json\/wp\/v2\/posts\/701959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=701959"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/701959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/701960"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=701959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=701959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=701959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}