Some 4,600 grocery items are becoming more expensive this month in Japan as the country’s food and beverage makers continue to pass on costs amid a once-in-a-generation inflation surge. Beer, however, is the notable exception.
A 350-milliliter can of brew costs drinkers about 7 yen (5 cents) less from October, thanks to changes in the country’s tax system. But cheaper suds aren’t a ploy for political support. Instead, it’s a long-overdue
It might seem odd to reduce taxes on alcohol while many countries are imposing minimum prices or lifting levies, ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.