Economy · Tokyo, Japan · November 12, 2026

Japan to cut sales tax on groceries from 8% to 1% for two years

Reported by 2 outlets · first reported Nov 11, 10:51 PM ET

Japan's government plans to cut sales tax on supermarket food from 8% to 1% for two years starting April. Restaurants are preparing price cuts in response. Japan's producer prices rose 0.7% in October, supporting expectations of another Bank of Japan rate rise.

Why it matters

Lower tax would cut grocery bills for Japanese households.

Background

Japan has faced rising prices and a weak yen.

The story so far

1. Nov 11Honda raises profit outlook; Nissan cuts sales forecast again
2. Nov 12Japan to cut sales tax on groceries from 8% to 1% for two years

Follow the whole story →

Sources

• Yonhap (Korean) ↗Nov 12, 4:15 AM ET
• Japan Times ↗Nov 12, 12:37 AM ET
• Japan Times ↗Nov 11, 10:51 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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