The story so far · 2 days, November 11 to 12, 2026

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

One Turn followed this story across 2 editions, from Tokyo, Japan on November 11, 2026. Newest first.

Japan has faced rising prices and a weak yen.

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

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Thursday, November 12, 2026 · Day 2 · Economy · Tokyo, Japan

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

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.

Sources: Yonhap (Korean), Japan Times, Japan Times · See it on the globe

Wednesday, November 11, 2026 · Day 1 · Economy · Tokyo, Japan

Honda raises profit outlook; Nissan cuts sales forecast again

Nissan cut its annual sales forecast to at most 3 million vehicles from 3.15 million, citing tougher competition in China. Japanese automakers posted strong half-year profits helped by a weak yen. Sales of electric vehicles lag.

Why it matters: Weak China sales hit a major Japanese employer and its suppliers.

Sources: CNBC, Japan Times, Yonhap (Korean) · See it on the globe

Where

Japan