Tag - inflation

 
 

INFLATION

Lawson plans to sell 1-kilogram and 2-kg bags of rice it bought from the government's stockpile at ¥360 ($2.50) and ¥700 respectively.
BUSINESS / Companies
Jun 4, 2025
Aging rice? Lawson prefers to call it 'vintage.'
As convenience stores prepare to sell government stockpiled rice from older harvests to consumers, Lawson says it will offer rice balls made of "vintage rice."
Komeito leader Tetsuo Saito speaks to reporters in Tokyo on Monday.
JAPAN / Politics
Jun 4, 2025
Komeito to propose sales tax cut on food, Yomiuri reports
A Komeito official confirmed the report, saying the tax cut idea will be among proposals in the campaign pledge due on Friday.
The number of "zombie companies" in Japan, which do not make enough to cover their interest payments, was estimated to have grown some 228,000 in fiscal 2023, one of the highest in a decade.
BUSINESS / Economy / FOCUS
Jun 3, 2025
'Zombie company' apocalypse might be the point of Japan's minimum wage push
Government efforts to accelerate the pace of pay increases could lead to poorly performing companies going out of business.
The average price of rice sold at some 1,000 supermarkets across Japan in the week through May 25 stood at ¥4,260 ($29.80) per 5 kilograms, down ¥25 from the previous week.
JAPAN
Jun 3, 2025
Retail prices for rice across Japan make first dip in three weeks
The average price in the week through May 25 stood at ¥4,260 ($29.80) per 5 kilograms, down by ¥25 from the previous week.
Prime Minister Shigeru Ishiba speaks at an Upper House Budget Committee meeting on Monday as agriculture minister Shinjiro Koizumi looks on.
JAPAN
Jun 2, 2025
Japan to set up minister-level meeting to address rice supplies
The government released a further 300,000 metric tons of stockpiled rice last week in a bid to bring down prices.
Rice from government stockpiles is sold at a store in Sendai on Saturday.
JAPAN
May 31, 2025
41% of Japanese rice farmers expect price drop in 2026
A share of 72.3% of farmers, however, expect prices for 2025 rice to be higher than for 2024 rice.
Iris Ohyama began sales of government-stockpiled rice at a home center location in Chiba Prefecture on Saturday morning.
JAPAN
May 31, 2025
Japanese customers brave the rain to line up for cheap stockpiled rice
Lines formed in the early hours of Saturday morning at an outlet in Chiba Prefecture as people clamored to purchase 5 kilogram bags of rice for ¥2,000.
A rice shop owner listens to an online briefing by the farm ministry on the no-bid contract method of purchase for small retailers looking to buy stockpiled rice from the government, on Thursday in Tokyo.
JAPAN
May 30, 2025
Farm ministry starts accepting applications for older rice from small buyers
Smaller retailers and rice shops can buy rice stockpiled from the 2021 harvest from the government via no-bid contracts.
Stockpiled rice arrives Thursday at a rice-milling factory operated by a subsidiary of household appliance company Iris Ohyama in the town of Watari, Miyagi Prefecture.
JAPAN / Politics
May 30, 2025
Some retailers hesitant to buy stockpiled rice on quality concerns
Smaller shops in Japan are worried that older batches might not taste as good, which could cause customers to take their business elsewhere.
A government white paper on agriculture attributed the recent rice price hikes partly to some producers boosting direct sales to consumers and sales to nonconventional buyers.
JAPAN
May 30, 2025
Government blames rice price surges on procurement route changes
Rice prices at retailers soared because wholesalers had to buy at relatively high prices to supplement shortfalls, a white paper concluded.
Agriculture Minister Shinjiro Koizumi’s push to slash rice prices could either mark a populist gesture or ignite a political revolution that challenges the entrenched agricultural lobby and the foundations of postwar conservative power.
COMMENTARY / Japan
May 30, 2025
Can the 'rice man,' Koizumi, save the day?
Late last week, newly appointed farm minister Shinjiro Koizumi announced that he aimed to bring the rice price range down to around ¥2,000 per 5 kilograms.
Prices of more than 1,900 food items, including precooked rice products, will be raised next month, three times the year-before level, according to research company Teikoku Databank.
JAPAN
May 30, 2025
Prices to rise for 1,932 food products in Japan in June
The number marked the sixth consecutive month of increase, boosted by rising prices of rice.
Tokyo’s consumer price index that serves as a leading indicator for national inflation trends posted in May the biggest year-on-year rise since January 2023.
BUSINESS / Economy
May 30, 2025
Tokyo prices rising most in two years keeps BOJ on hike path
The food price gains are a worrisome sign for Prime Minister Shigeru Ishiba ahead of a summer election expected to be held by July.
Stockpiled rice arrives Thursday at a rice-milling factory operated by an Iris Ohyama subsidiary in the town of Watari, Miyagi Prefecture.
JAPAN / Society
May 29, 2025
Stockpiled rice shipped within three days and set to hit shelves next week
The rapid shipment is in sharp contrast with previous arrangements using auctions, under which it took months to sell and ship 310,000 metric tons of rice in phases.
Agriculture minister Shinjiro Koizumi speaks at a Lower House farm committee in Tokyo on Wednesday.
JAPAN
May 28, 2025
With latest move, farm ministry sets sights on ¥1,800 for a 5-kg bag of rice
The agriculture ministry will sell older batches of stockpiled rice to smaller retailers and rice shops via no-bid contracts, and pause offerings to big buyers.
Farm minister Shinjiro Koizumi said at a news conference Tuesday that the ministry is planning to sign contracts with retailers that have applied by Wednesday for the no-bid procedure and hand them the stockpile rice as early as Thursday.
JAPAN
May 27, 2025
At least 33 retailers applied for no-bid contracts for rice, farm ministry says
The ministry is planning to sign contracts with retailers that have applied by Wednesday and hand them the stockpiled rice as early as Thursday.
Prime Minister Shigeru Ishiba speaks at a meeting of the government's advisory Council on Economic and Fiscal Policy on Monday at the Prime Minister's Office in Tokyo.
BUSINESS / Economy
May 27, 2025
Japan private sector backs 1% real wage growth per year over next five years
The plan was first mentioned by the government’s "new capitalism" panel earlier this month.
Bank of Japan Gov. Kazuo Ueda speaks during a conference hosted by the bank's Institute for Monetary and Economic Studies in Tokyo on Tuesday. Ueda gave the yen a boost by clearly indicating his intention to continue raising the benchmark interest rate if the economy improves as expected.
BUSINESS / Economy
May 27, 2025
Yen rises as Ueda indicates BOJ is still eyeing more rate hikes
The yen rose as high as 142.12 against the dollar immediately after Ueda's remarks.
Sales of luxury properties in Tokyo, like Azabudai Hills’ Aman Residences, have pushed up average real estate prices in the capital.
BUSINESS / Companies
May 27, 2025
Luxury Tokyo penthouse sold for over $65 million in new record
Home prices in Tokyo have been on a broad upward trend, driven by rising construction costs and a limited supply of new buildings.
Farm minister Shinjiro Koizumi visits a supermarket to check the prices of rice on Friday in Koto.
JAPAN
May 26, 2025
Bags of rice at half price will hit stores by early June, Koizumi says
With necessary costs added on, a 5-kilogram bag of rice is set to cost ¥2,160 at retailers in June.

Longform

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