Liquor tax revenue dives in Japan amid pandemic

Weighed down by the COVID-19 pandemic, Japan’s liquor tax revenue in fiscal 2020 plunged by more than ¥110 billion from the previous year to ¥1.13 trillion, according to National Tax Agency data published this year.

Both the size of the fall and the rate of decrease were the largest in 31 years since the impact of a drastic revision of the Liquor Tax Law in fiscal 1989.