Japan PM's party pushes to fast-track debate on food tax cut

What happened: Japan's ruling party is pushing to fast-track parliamentary debate on a proposed tax cut on food, with committee discussions planned for far less time than past consumption tax bills. Key numbers: Committee discussions aim for one-sixth of the time taken by previous consumption tax bills. Why it matters: The compressed timetable marks an unusually swift review for a change to one of Japan's most important revenue sources, compared with past consumption tax legislation.

Japan's ruling party is pushing to fast-track parliamentary debate on a proposed tax cut on food, with committee discussions planned for far less time than past consumption tax bills.

The compressed timetable marks an unusually swift review for a change to one of Japan's most important revenue sources, compared with past consumption tax legislation.