Japan rice prices double, raising pressure on PM
JAPAN, JUL 18 – Rice prices in Japan surged nearly 100% in June due to harvest damage and panic buying, intensifying inflation and election challenges for Prime Minister Ishiba, officials said.
- On July 18, 2025, rice prices in Japan soared 99.2% in June year-on-year, putting pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend.
- Factors behind the surge include shortages from an intensely hot and dry summer two years ago and panic buying in 2024 after a government warning about a potential `megaquake`.
- Consumer prices excluding energy and fresh food rose 3.4% in June, while rice costs rocketed 101% in May after climbing 98.4% in April and 92.5% in March.
- Support levels for Prime Minister Shigeru Ishiba have fallen to their lowest since October, while opinion polls suggest his ruling coalition may lose its upper house majority.
- Japan is under additional pressure to reach a trade deal with the United States before new 25% tariffs take effect on Aug 1, and US President Donald Trump threatened that Japan would `pay 30%, 35%, or whatever the number is that we determine`.
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Japan rice prices double, raising pressure on PM
TOKYO: Rice prices in Japan soared 99.2 per cent in June year-on-year, official data showed Friday (Jul 18), piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend. The price of the grain already rocketed
Japanese elections: The price of rice has nearly doubled in Japan over the past year. This plays a major role in the Upper House elections on April 20…
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