From October 20 to 22 by the Huangpu River in Shanghai, the 2026 Sustainable Global Leaders Conference returns once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the era of involution—Macfarlane—will hold a live dialogue with Xiang Biao!
Limited spots available, first come first served. Let us journey together toward the promise of sustainability! [Click to register]
Japanese Prime Minister Sanae Takaichi has reaffirmed that she will not rely on special deficit bonds to fill the national debt gap in order to fund a food consumption tax cut. Her earlier remarks had sparked market speculation that her position had shifted.
Sanae Takaichi wrote on the X platform that she has not ruled out issuing government bonds for the overall national budget, but will not use special deficit bonds to fill the national debt gap to cover the revenue shortfall caused by a temporary consumption tax cut. She wrote that the government's position "remains unchanged." Earlier on Monday, she spoke in the Diet, and some media reports misinterpreted her remarks, prompting her to clarify her position.
At a meeting of the Senate Budget Committee, when asked about the source of funding for the tax cut, Sanae Takaichi said she does not rule out issuing government bonds. Sanae Takaichi stated: "Regarding the funding source for the reduction of the consumption tax on food and beverages, we will carefully assess the fiscal scale within the broader framework of budget compilation reform, and achieve a decline in the debt ratio while monitoring tax revenue trends and conducting reviews on both the revenue and expenditure sides." She said: "As in the previous fiscal year, we will reasonably manage the total annual government bond issuance through the initial budget and supplementary budget. This does not mean we will not issue government bonds at all."
The market is closely watching how Sanae Takaichi will implement the tax cut without further increasing the country's debt burden. The tax cut plan is expected to cause an annual revenue loss of 5 trillion yen (equivalent to 31.5 billion US dollars). This temporary tax cut is scheduled to start in April and last for two years.
Comments