Amid the government's policy to cut consumption tax on food products, Keidanren Chairman Tsutsui Yoshinobu (筒井義信) said that it was necessary to closely monitor pricing at the point of consumption. Based on the announcement from the Prime Minister's Office, he indicated that the effects of the policy in easing the burden on households needed to be assessed.
Regarding the government's policy to cut consumption tax on food products, Keidanren Chairman Tsutsui Yoshinobu (筒井義信) said that price-setting at the point of consumption should be closely monitored.
Chairman Tsutsui said that it was necessary to assess the extent to which the policy would ease the burden on households, expressing his view in light of the policy announced by the Prime Minister's Office.
The remarks were reported as indicating that businesses are closely watching the relationship between the practical effects of the tax-cut policy and price formation.