The Japanese government leans towards a plan to reduce the consumption tax rate to 1%.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to reports, regarding the two-year reduction period for the food and beverage consumption tax, the Japanese government is leaning towards setting the tax rate at 1% rather than zero. It has been learned that in order to achieve the zero tax rate promised by the Liberal Democratic Party during the House of Representatives election in February, it would take up to about one year to modify the cash register systems at retail stores. However, if the rate is set at 1%, the modification time can be shortened to around half a year. Therefore, as a measure against surging prices, the view that priority should be given to early implementation is gaining more support. Japanese Prime Minister Sanae Takaichi is expected to make the final decision as soon as late June.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Nakamoto holds over 5,000 BTC, and the CEO has spent nearly $1 million to purchase an additional 191,448 shares
Chaincatcher•2026/05/31 10:34
Main 24h trends: More limit sell orders from BTC whales, totaling $688 million
AiCoin•2026/05/31 10:07
Polymarket Prediction: Probability of "Bitcoin Reaching $100,000 This Year" Drops to 33%
BlockBeats•2026/05/31 10:04
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$73,811.62
+0.37%
Ethereum
ETH
$2,020.04
+0.24%
Tether USDt
USDT
$0.9985
-0.02%
BNB
BNB
$719.57
+7.04%
XRP
XRP
$1.34
-0.34%
USDC
USDC
$0.9996
-0.00%
Solana
SOL
$82.68
+0.50%
TRON
TRX
$0.3490
+1.61%
Hyperliquid
HYPE
$68.21
+2.12%
Dogecoin
DOGE
$0.1005
-0.14%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now