According to the “Asahi Shimbun”, citing officials who did not wish to be named, Japanese Prime Minister Takaichi Sanae will issue a relevant decree on Thursday as soon as possible to begin reducing the consumption tax on food and beverage products to 1% and maintain the implementation process for two years. Also, according to “Nikkei Shimbun,” Takaichi Sanae is expected to officially announce the tax reduction plan within this week.

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