Back to today’s briefing

Story perspectives

PM Takaichi Proposes Food Tax Suspension Ahead of Elections

1/17/2026

39 3 Full Breakdown

Summary

Story summary

Prime Minister Sanae Takaichi is considering a temporary suspension of the sales tax on food as part of her election campaign.
Parliament is expected to dissolve next week ahead of elections anticipated in February.
The suspension could create a 5 trillion yen revenue shortfall.
Markets have reacted to the plans, with the yen weakening against the US dollar and bond yields rising.

1 of 1

Story summary

Prime Minister Sanae Takaichi is considering a temporary suspension of the sales tax on food as part of her election campaign.
Parliament is expected to dissolve next week ahead of elections anticipated in February.
The suspension could create a 5 trillion yen revenue shortfall.
Markets have reacted to the plans, with the yen weakening against the US dollar and bond yields rising.