In Japan, there's been a significant shift in fiscal policy. The government has decided to leverage consumption tax as a buffer for economic instability while promoting growth. This recently-implemented policy is seen as a springboard towards securing a prosperous future for the Japanese economy. The intricacies of the process and its anticipated outcomes are aspects of active debate amongst local economists and policymakers.

In Japan, the consumption tax is not just seen as a revenue source but also as a fiscal strategy to ensure socio-economic stability. The public shows a heightened interest in discourses regarding economic policies that directly affect livelihoods. On a social level, there's immense value placed on security, stability, and sustainable growth in the economy, viewed through the lens of societal welfare rather than merely short-term gains.

In contrast, the US and EU typically rely on income taxes and corporate taxes, rather than consumption taxes, as primary sources of revenue. While value-added taxes do exist in EU countries, their role differs from Japan's new approach of using consumption tax as a strategic tool for economic growth and stability.