TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances without any clear signal on how it would be funded. The proposal, presented by a senior executive o

TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LDP) to a ke