In a recent video, Nakamichi Reforms policy chief Mitsunari Okamoto argued that Japan's consumption tax, especially on food, is excessively high compared to global standards. He warned that frequent tax rate changes place an unbearable burden on businesses. Okamoto proposed either making a permanent tax cut or providing immediate cash handouts to stimulate the economy, stressing the need for urgent action.
"Raising or lowering the consumption tax places too heavy a burden on businesses! Japan's food consumption tax is too high compared to the world! We need a permanent tax cut or cash handouts for immediate effect!"
The comments section reflects a divided audience, with some supporting the proposed reforms and others questioning their feasibility. The video, posted on YouTube, has garnered over 2,400 views and 400 likes.