“Food sales declined after tax increase” Minister for Economic Revival October 4, 12:03
Mr. Nishimura, the minister in charge of economic revitalization, said at the press conference after the cabinet meeting about the consumption trend after the consumption tax rate increase. Despite being a target, there seems to be a slight drop in food sales. "
On top of that, Minister Nishimura said, “We would like to pay close attention to consumption trends, because there is a concern that raising the tax rate will have a negative impact on consumer sentiment in the future.”