Japan is currently facing a rice crisis, with the cost of its beloved staple nearly doubling over the past year. The price surge is attributed to high inflation, low farm yields influenced by extreme weather, and a booming tourism sector escalating demand. In April, the price of rice rose 98.4% year-on-year, exerting financial pressure on consumers and jeopardizing the popularity of Prime Minister Shigeru Ishiba. Despite emergency measures like utilizing government rice reserves, prices have remained stubbornly high, prompting some consumers to turn to cheaper imported rice as a solution.
The price of rice has nearly doubled in Japan, driven by inflation, low farm yields, and increased tourism, creating a significant impact on consumers and government actions.
Government data indicates a staggering 98.4% jump in rice prices year-on-year by April. Emergency measures have not sufficiently reduced prices, raising concerns for consumers.
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