Japanese PM Takaichi says the two-year consumption tax cut on food items proposal would "not rely on deficit-financing bonds". Adding, it applies to food only and is limited to two years, Nikkei reports.

Japanese PM Takaichi says the two-year consumption tax cut on food items proposal would "not rely on deficit-financing bonds". Adding, it applies to food only and is limited to two years, Nikkei reports.

Japan's Prime Minister Takaichi's proposal for a two-year consumption tax cut on food items signals a targeted approach to support consumers, particularly in the context of rising living costs. Not relying on deficit-financing bonds suggests fiscal responsibility, which could provide stability for the JPY and impact commodity demand, especially for food-related sectors.