Government approves two-year 1% food consumption tax cut starting April 1, 2027 Government approves a two-year 1% food consumption tax cut from April 1, 2027; opposition, analysts raise doubts over …
Japan
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Business
Japan cabinet agrees bill to cut food consumption tax to 1% from 8%
by Sato Asahiby Sato AsahiJapan cabinet approves 1% consumption tax on food for two years starting April 2027 Japan’s cabinet approved a bill to cut the consumption tax on food to 1% from 8% …
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Politics
Japan approves food consumption tax cut to 1% with uneven household gains
by Sui Yuitoby Sui YuitoGovernment Approves Food Consumption Tax Cut to 1% to Ease Household Burden Cabinet approves a food consumption tax cut from 8% to 1% on August 5, 2026, promising household savings …
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Business
US Treasury Secretary Bessent confirms joining coordinated yen-buying operation with Japan
by Sato Asahiby Sato AsahiU.S. Confirms Role in Yen Intervention to Stabilize Asian Currencies U.S. Treasury Secretary Scott Bessent told Nikkei that the United States joined a coordinated yen intervention on Aug. 4, 2026, …
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Business
Japan trading houses lift forecasts on commodity surge and weak yen
by Sato Asahiby Sato AsahiJapanese trading houses turn upbeat as commodity rally and weak yen cushion Iran war impact Japanese trading houses see improved fiscal prospects as commodity prices climb and the weak yen …
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Business
Japan defense white paper warns Ukraine war boosts North Korea, flags China-Russia ties
by Sato Asahiby Sato AsahiJapan warns Russia-North Korea military cooperation could strengthen Pyongyang, Defense of Japan 2026 says Defense of Japan 2026 warns Russia-North Korea military cooperation could strengthen Pyongyang, urging vigilance over closer …
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Business
Japan Airlines reports 80% quarterly profit drop as Iran war fuels fare surcharges
by Sato Asahiby Sato AsahiJapan Airlines profit plunges 80% as fuel costs from Iran war squeeze margins Japan Airlines profit falls 80% in quarter as fuel-driven surcharges and soaring jet-fuel prices cut into carrier …
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Business
Bank of Japan spends $31.8bn in coordinated U.S. intervention to buy yen
by Sato Asahiby Sato AsahiYen intervention: Japan spent about $31.8 billion buying yen in joint action with U.S. on July 31 Japan’s yen intervention on July 31 involved roughly $31.8 billion to buy yen, …
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Business
Yen rallies after US and Japan coordinated intervention, finance minister warns
by Sato Asahiby Sato AsahiYen Strengthens to Lower Â¥155 After Japan and U.S. Coordinate Currency Purchase Yen jumps to the lower Â¥155 after Japan and the U.S. coordinated a July 31 currency purchase; Finance …
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Business
Yen weakens near historic lows as Japan and U.S. launch coordinated interventions
by Sato Asahiby Sato AsahiYen intervention: Japan and U.S. launch coordinated action as currency surges Japan and U.S. authorities have carried out a coordinated yen intervention after the currency surged, signaling joint action to …