US EditionRice prices double in Japan as inflation accelerates
JAPAN, JUN 20 – Rice prices surged 101.7% year-over-year in May amid supply shortages and aging farmers, pushing Japan's core inflation to 3.7%, the highest since January 2023, government data showed.
- Rice prices in Japan doubled last month as core inflation accelerated, posing a challenge to Prime Minister Shigeru Ishiba ahead of July elections.
- Japan's core inflation rate reached 3.7 percent in May, the highest since January 2023, according to interior ministry data.
- The government released its emergency stockpile of rice, a rare action typically reserved for disasters, to address the price surge.
- Contributing factors to the rice crisis include a severely hot and dry summer two years prior, which damaged nationwide harvests.
54 Articles
54 Articles
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On June 20, the renewal of half of the seats that became a crucial appointment for Ishiba after the Liberal Democratic Party in the elections last October did not obtain an absolute majority in the Lower House of the Diet. Crucial for the electorate will be the judgment on the responses put in place in front of the rise in the prices of the symbol cereal, which since the 1970s is a political theme of primary importance in Tokyo.
Rice prices in Japan jumped 101.7 percent in May from a year earlier, the biggest increase in 50 years, the country's Statistics Agency said.
Inflation accelerates in Japan after rice prices double
Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. The vote for parliament's upper house, due next month, is crucial for Ishiba after public support for his government tumbled to its lowest…
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