Be alert! Kaohsiung government is considering implementing a policy of reducing the food consumption tax to zero. The storm of Japanese bond yields may once again sweep over global stocks and bonds.

According to Sina Finance and Economics App, the ruling party led by Japanese Prime Minister Takaichi Sanae is still focusing on whether to reduce the food consumption tax to zero, which means that the ruling party has basically shelved the potential proposal to slightly reduce the tax rate to 1%; the latter is easier for retailers to implement. The Japanese ruling party continues to discuss lowering the food consumption tax from the current 8% to 0%, essentially using fiscal tax cuts to offset the pressure of living costs, boost residents' actual purchasing power and consumer confidence.