Highlights

  • Country saw biggest fall in alcohol tax income in 31 years
  • Alcoholic beverages industry has been shrinking in Japan

Latest news

Brendan Lynch to visit India amidst tariff talks

Brendan Lynch to visit India amidst tariff talks

Tiger Woods and Vanessa Trump confirm their relationship on social media

Tiger Woods and Vanessa Trump confirm their relationship on social media

Yuki Bhambri ascends as India's top doubles tennis star

Yuki Bhambri ascends as India's top doubles tennis star

Spain, France, Portugal, and Germany advance to nations league Semi-Finals

Spain, France, Portugal, and Germany advance to nations league Semi-Finals

Zeenat Aman: Exploring iconic accessories in her wardrobe

Zeenat Aman: Exploring iconic accessories in her wardrobe

MS Dhoni questions IPL's impact player rule and its necessity

MS Dhoni questions IPL's impact player rule and its necessity

Rhea Chakraborty emerges post-CBI closure on Sushant Singh Rajput case

Rhea Chakraborty emerges post-CBI closure on Sushant Singh Rajput case

High Court Demands Swift Decision on Rahul Gandhi's Citizenship Issue

High Court Demands Swift Decision on Rahul Gandhi's Citizenship Issue

This country is encouraging its sober young people to drink more to boost economy

Taxes on alcohol products accounted for 5% of total revenue in 1980, but shrunk to just 1.7% in 2020

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      In a move to uplift tax revenues from alcoholic beverages, the Japanese government has launched a nationwide competition calling for ideas to encourage people to drink more alcohol.

      The Sake Viva! campaign, which is being run by the National Tax Agency (NTA), asks 20- to 39-year-oldsto come up with ideas for new "products and designs" to "stimulate demand among young people".

      This includes boosting Japanese alcoholic beverages such as sake (rice wine), beer, whiskey, wine or beer.

      According to reports, the group running the competition for the tax authority says new habits - partly formed during the Covid pandemic - and an ageing population have led to a decline in alcohol sales.

      Read More:- Another spike in prices: Amul, Mother Dairy raise the price of milk

      Taxes on alcohol products accounted for 5% of total revenue in 1980, but shrunk to just 1.7% in 2020, according to The Japan Times.

      JapanTokyoalcoholic drinkalcohol

      ADVERTISEMENT

      Up Next

      This country is encouraging its sober young people to drink more to boost economy

      This country is encouraging its sober young people to drink more to boost economy

      Global stock market indices: How the world markets performed today - 21 March 2025

      Global stock market indices: How the world markets performed today - 21 March 2025

      Indian stock market sector-wise performance today - March 21, 2025

      Indian stock market sector-wise performance today - March 21, 2025

      Top 5 Nifty 50 gainers today – March 21, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – March 21, 2025: Biggest stock moves

      NSE Nifty 50: Top 5 stock losers of March 21, 2025

      NSE Nifty 50: Top 5 stock losers of March 21, 2025

      Global stock market indices: How the world markets performed today - 20 March 2025

      Global stock market indices: How the world markets performed today - 20 March 2025

      ADVERTISEMENT

      editorji-whatsApp

      More videos

      Indian stock market sector-wise performance today - March 20, 2025

      Indian stock market sector-wise performance today - March 20, 2025

      Top 5 Nifty 50 gainers today – March 20, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – March 20, 2025: Biggest stock moves

      NSE Nifty 50: Top 5 stock losers of March 20, 2025

      NSE Nifty 50: Top 5 stock losers of March 20, 2025

      Vodafone Idea explores satellite partnerships amid competitor moves

      Vodafone Idea explores satellite partnerships amid competitor moves

      Global stock market indices: How the world markets performed today - 19 March 2025

      Global stock market indices: How the world markets performed today - 19 March 2025

      Indian stock market sector-wise performance today - March 19, 2025

      Indian stock market sector-wise performance today - March 19, 2025

      Top 5 Nifty 50 gainers today – March 19, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – March 19, 2025: Biggest stock moves

      Global stock market indices: How the world markets performed today - 18 March 2025

      Global stock market indices: How the world markets performed today - 18 March 2025

      Indian stock market sector-wise performance today - March 18, 2025

      Indian stock market sector-wise performance today - March 18, 2025

      Top 5 Nifty 50 gainers today – March 18, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – March 18, 2025: Biggest stock moves

      Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.