Katayama takes charge of Japan consumption tax and benefit bill

  • Satsuki Katayama assumed additional responsibility for the consumption tax and benefit bill.
  • Japanese government plans a food-item consumption tax cut with enactment targeted by year-end.
  • Katayama retained her finance minister position in the second reshuffled Takaichi Cabinet.

Satsuki Katayama, who retained her position as Minister of Finance and Financial Services in the second reshuffled Takaichi Cabinet, has also been assigned oversight of the consumption tax and benefit bill. The legislation, viewed as the most important measure in the extraordinary Diet session, would cut the consumption tax on food items and provide benefits under what Katayama described as responsible expansionary fiscal policy. The Japanese government plans to submit the bill to an extraordinary Diet session expected to convene as early as early next month, with enactment targeted by year-end. Returning to the Ministry of Finance from the Prime Minister's Office, Katayama was welcomed by senior officials and asked for their support. She said the bill would ease the burden on working low- and middle-income earners, acknowledged that passing it would be demanding, and pledged to explain it carefully. She also said that once the bill is submitted, securing its passage would be her sole focus. Her retention in the finance post and concurrent responsibility for the legislation had been announced earlier.

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