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According to a report by Japan's Asahi TV station on August 1, former Japanese Prime Minister Ishiwari Shigeru said in a speech that he strongly opposes forcing a drastic reduction in consumption tax, denouncing this as an extremely irresponsible practice. Shigeru Ishiwari said at a Liberal Democratic Party rally in Tottori Prefecture that all consumption tax revenue is used for social security. If consumption tax cuts are forced without other sources of funding to fill the gap, this will cause the yen to depreciate and prices will rise accordingly. Judging from the results, it will make life more difficult for Japanese citizens. Shi Fa Mao said, “If you don't explain where the alternative funding source is and push, then there is no more irresponsible practice than this.”

Zhitongcaijing·08/01/2026 10:09:00
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According to a report by Japan's Asahi TV station on August 1, former Japanese Prime Minister Ishiwari Shigeru said in a speech that he strongly opposes forcing a drastic reduction in consumption tax, denouncing this as an extremely irresponsible practice. Shigeru Ishiwari said at a Liberal Democratic Party rally in Tottori Prefecture that all consumption tax revenue is used for social security. If consumption tax cuts are forced without other sources of funding to fill the gap, this will cause the yen to depreciate and prices will rise accordingly. Judging from the results, it will make life more difficult for Japanese citizens. Shi Fa Mao said, “If you don't explain where the alternative funding source is and push, then there is no more irresponsible practice than this.”