Marathon tax-reform negotiations between the ruling coalition partners concluded Thursday with negotiators agreeing to reduce consumption tax on food but with details undecided, party officials said.

The Liberal Democratic Party and Komeito reached a consensus that a reduced rate will apply to food in general — including processed food, as Komeito has demanded — but they have yet to define which foods will be eligible for a lower rate, the officials said. They added, some ¥1 trillion also needs to be found to finance the reduced levy.

Meanwhile, the LDP and Komeito agreed on further cuts in corporate tax and to tax new vehicle purchases according to their fuel efficiency.