Japanese PM Takaichi says there is no plans to raise the consumption tax

Japanese PM Takaichi says there is no plans to raise the consumption tax.

The statement from Japanese PM Takaichi indicates a commitment to maintaining the current consumption tax, which is significant for consumer sentiment and spending. This could support domestic demand, potentially benefiting commodities and metals sectors in the short term, as stable fiscal policy might encourage investment and consumption. Traders should consider the implications for Japanese economic growth and any pressure it may create for more aggressive monetary policy from the BoJ.