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Japan enforces food supply emergency law amid soaring costs

  • In April, 4,225 food and beverage items are expected to face price hikes due to rising raw material costs, according to a report by Teikoku Databank Ltd.
  • Prime Minister Shigeru Ishiba has pledged to address inflation's impact on consumer spending but faces challenges in implementing measures.
  • Japan's new food supply emergency measures law allows the government to instruct farmers to submit plans for increasing production of key foods if prices surge.
  • The law categorizes 12 crucial food items and mandates production plans if their supply drops by 20 percent or more, with penalties for non-compliance.
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Bloomberg broke the news in United States on Monday, March 31, 2025.
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