Rakuten CEO Hiroshi Mikitani recently expressed critical views on proposed consumption tax cuts. With ongoing debates about the revision of Japan’s economic policies, Mikitani, bearing significant influence within the business sector, stated that such a reduction could not offer sustainable solutions to boost the economy. Instead, he emphasized a careful and broader investigation into the nation's fiscal structure to encourage its healthy growth.

In Japan, the consumption tax rate has been a hot topic due to a raised rate imposed in October 2019, impacting the economy and daily lives of Japanese people. With some seeking relief via tax slashes, Mikitani's opposing view generates discussions about Japan's economic stability and the possible ways to strike a balance between boosting consumption and national fiscal health.

In the US or EU, similar debates over tax cuts often happen, with views split among those wishing to stimulate the economy and those concerned about budgetary balance and public services. The presence of high-profile business leaders like Mikitani in these conversations can sway public opinion.