TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LDP) to a ke

TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining…

Tokyo, June 18 (Jiji Press)--The chair of a Japanese suprapartisan panel has presented a proposal to lower the consumption tax rate on food to virtually zero pct to effectively…