Tax cut to bring ¥36,000 benefit per citizen, Takaichi says

Prime Minister Sanae Takaichi said Friday that the planned consumption tax cut for food is expected to reduce household financial burdens by about ¥36,000 per citizen.“The tax rate cut will basically be reflected in prices,” Takaichi said at a plenary meeting of the Senate, the upper chamber of parliament.She explained that the ¥36,000 figure was calculated by dividing the total tax revenue loss to the central and local governments from the tax cut by the…