Money3 updates
Japan food consumption tax cut and restaurants
What happened before and after this story. Background events not previously covered were summarised by AI.
- Background
Sanae Takaichi elected Japan's first female prime minister
On 21 October 2025, parliament elected Sanae Takaichi prime minister after her Liberal Democratic Party formed a coalition with the Japan Innovation Party.
- Background
Japan plans temporary cut in consumption tax on food to 1%
Prime Minister Takaichi's government planned to cut Japan's consumption tax on groceries from 8% to 1% for two years from April 2027.

Japan's grocery tax cut has restaurants slashing prices, udon chain included
Japan will cut the tax on groceries to 1% from April 2027, but eating out stays at 10%. Chains like Marugame Seimen are lowering prices well ahead of time.