High city tax reduction policy continues to be questioned: Japanese people's political distrust intensifies

China News Service, October 9. According to the Japan Broadcasting Association (NHK), on the 9th local time, the Japanese government finalized the relevant bill to reduce the consumption tax rate on food and beverages from 8% to 1% at a cabinet meeting, and planned to submit it to Congress on the same day. At the same time, Japan's opposition parties and people further questioned the effectiveness of tax reduction measures and the source of funds.

On October 5, local time, Japanese Prime Minister Takaichi Sanae delivered a policy speech in the Diet.

According to reports, Japan’s ruling party hopes to start deliberation as soon as possible and strive to pass the bill during the current session of Congress. However, concerns and doubts surrounding related tax reduction measures are rife.

Regarding the financial resources of the tax cut policy, Japan's Cadet Party pointed out that "the specific details are not yet clear", although Prime Minister Takaichi Sanae said "there is no need to worry", "but the people definitely want to hear a convincing explanation."

The Japanese opposition party also believes that the source of funds for tax cuts and the actual effect of measures to deal with rising prices are still unclear. If the original tax rate is restored in two years, the burden on the people will increase.

Japanese people left messages under relevant reports saying that the cabinet finalized the bill before the financial resources were determined. The ruling party’s plan is to use this policy as an election bargaining chip to win over specific support groups and seek political benefits.

Others said, "The public's distrust of politics is obvious, and the Japanese government has been slow to respond to people's livelihood issues such as rising prices." "It is doubtful whether tax cuts are effective measures to deal with rising prices. If the government cannot provide detailed and sufficient explanations, the market may continue to be unstable or even develop in a worse direction."

Regarding the fiscal policy of the Gao City Government, Reuters quoted experts as saying, "The market looks at the actual content of the policy, and verbal statements alone cannot win the market's trust."