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Japan Approves Economic Plan Without Resolving Food Sales Tax Cut

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2026-07-21 03:42:33
Japanese Prime Minister Sanae Takaichi’s administration approved its annual economic and fiscal policy plan, citing the central bank’s independence while leaving unresolved a costly sales tax cut on food, according to Bloomberg.

The plan does not settle whether the government will move ahead with the tax cut, a politically sensitive issue in Japan.
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