Japan's ruling party moves closer to cutting food tax from 8% to 1%

Proponents stress need to follow through on campaign pledge, but fiscal doubts remain

As food prices rise, Japan's Liberal Democratic Party plans to provide temporary relief with a consumption tax cut. © Kyodo

TOKYO -- The Japanese government's proposal to lower the consumption tax on food to 1% for two years starting in April received approval Monday from key ruling party committees, advancing a campaign pledge despite continued uncertainty over funding.

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