The National Conference on Social Security is expected to effectively terminate talks on reducing the consumption tax on food and beverages.

Roughly speaking The bipartisan National Conference on Social Security is expected to abandon the ruling and opposition parties' agreement on consumption tax cuts. The plan is to make adjustments in the interim report by including both the government/ruling party's proposal and the opposition's proposal. Prime Minister Sanae Takaichi will be left with the final decision on the 1% plan without the cooperation of opposition parties. Read article