25.7% in Japan to use food tax cut benefits for savings, survey finds

What happened: A survey found 25.7% of people in Japan would put the benefits of a food tax cut toward savings, while 49.7% said they would not change their spending plans. Key numbers: 25.7% would use the benefits for savings; 49.7% would not change spending plans. Why it matters: The survey results indicate how the tax cut might affect consumer behavior, with about half of respondents saying their spending plans would stay the same.

A survey found 25.7% of people in Japan would put the benefits of a food tax cut toward savings, while 49.7% said they would not change their spending plans.

The survey results indicate how the tax cut might affect consumer behavior, with about half of respondents saying their spending plans would stay the same.