Tag - inflation

 
 

INFLATION

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.
Japan's consumer prices excluding fresh food rose 3.5% from a year earlier in April, with food items, especially rice, remaining a major contributor to price growth.
BUSINESS / Economy
May 23, 2025
BOJ and Ishiba pressured as prices rise the fastest in two years
Consumer prices excluding fresh food rose 3.5% from a year earlier in April, higher than economists' expectations.
Agriculture minister Shinjiro Koizumi speaks during a news conference in Tokyo on Friday.
JAPAN
May 23, 2025
Japan pledges immediate rice price cuts to stop shift to foreign brands
The government has been releasing some of its stockpiled rice since March but that has yet to translate to lower supermarket prices.
New farm minister Shinjiro Koizumi speaks during a news conference on Wednesday in Tokyo.
JAPAN / FOCUS
May 22, 2025
‘Rice minister’ Koizumi faces urgent task to bring prices down quickly
Lawmakers have been questioning whether auctioning stockpiled rice is really effective in bringing down prices.
A branch of Danish jewelry maker Pandora in central Copenhagen on Feb. 6, 2024. Pandora CEO Alexander Lacik said the company is debating whether to raise prices globally or more in the U.S.
BUSINESS / Economy
May 21, 2025
Global retailers' tariff strategy risks spreading pain beyond U.S. consumer
Raising prices elsewhere to avoid big hikes in the U.S. risks fueling inflation in those other markets.
Agriculture minister Taku Eto has come under fire for saying at the weekend that he receives so much rice from his supporters that he has enough to sell it.
JAPAN / Politics
May 19, 2025
Amid rice shortage, farm minister comes under fire for saying he gets plenty
Agriculture minister Taku Eto reportedly said at a fundraiser that he gets so much rice from supporters, he has enough to sell it.
Prime Minister Shigeru Ishiba
JAPAN / Politics
May 19, 2025
Ishiba rebuffs tax cut demands with Greek debt comparison
The premier said he disagrees with the idea of funding tax cuts with Japanese government bonds, signaling caution over additional government spending.
Support for Prime Minister Shigeru Ishiba's government was at 27.4%, down from 32.6% a month ago, a Kyodo poll showed.
JAPAN / Politics
May 18, 2025
Support for Japan PM Ishiba hits record low as rice price soars, poll shows
Support for Ishiba's government was at 27.4%, down from 32.6% a month ago, a Kyodo poll showed.
Wholesalers added ¥7,593 on average to their selling prices for stockpiled rice, far more than the ¥2,206 to ¥4,689 added for the 2022 rice.
BUSINESS
May 17, 2025
Wholesalers may be behind elevated retail rice prices
Larger gaps between wholesalers' procurement and selling prices, which represent their costs and profits, may be a factor, a government survey has suggested.
U.S. Ambassador to Japan George Glass eats California rice at the U.S. Embassy in Tokyo on Tuesday along with Mitsuko Tsuchiya, vice president of retailer Aeon.
JAPAN
May 14, 2025
Japanese retailers turn to California rice for cheaper alternative
Major retailer Aeon announced Tuesday it will start selling the “Karoyaka” variety of California rice from June 6.
Despite the government releasing rice from its emergency stockpile since March, prices have remained high.
JAPAN
May 13, 2025
Rice prices finally fall, but change is in baby steps
The average supermarket price of 5 kilograms of rice dropped for the first time since December, falling ¥19 to ¥4,214.
"The Bank of Japan’s stance to continue to raise the policy interest rate is unchanged” given low real rates and the outlook for its price goal to be met, one of the nine board members said at the central bank's April 30 to May 1 meeting, according to a summary of opinions released Tuesday.
BUSINESS / Economy
May 13, 2025
BOJ still intends to raise rates while monitoring tariffs, summary shows
The written account of the BOJ gathering comes as risk appetite returns to global financial markets following the cooldown in U.S.-China tariff tensions on Monday.
The entrance to discount retailer Don Quijote's store in Tokyo's Shibuya district, known as Don Don Donki outside the country
BUSINESS / Companies
May 11, 2025
'Treasure hunt': Tourists boost sales at Japan's Don Quijote stores
Revenues at Don Quijote in Japan are "around 1.7 times higher than before the pandemic," said Motoki Hara, a manager at the retailer.
A customer walks past a display of rice, with a sign apologizing to shoppers they must be limited to one bag each due to market conditions, at a branch of Japanese discount retailer Don Quijote in Tokyo's Shibuya Ward on April 21.
JAPAN
May 10, 2025
As prices soar, Zen-Noh ships just 32% of government-stockpiled rice
The group is currently shipping between 2,000 and 3,000 tons of rice per day, and is working to send out deliveries as quickly as possible, a Zen-Noh official said.
Household spending in fiscal 2024 dropped 0.1% from the previous year in price-adjusted real terms, down for the second straight year, according to the internal affairs ministry.
BUSINESS / Economy
May 9, 2025
Japan household spending slides 0.1% in FY2024
The decrease reflects sustained inflation, which is making people more budget-minded on food.
The government began releasing stockpiled rice in March, but this has failed to stem increases in rice prices.
JAPAN
May 8, 2025
Price of rice at Japanese retailers hits record for 17th consecutive week
The average price for 5 kilograms of rice rose to ¥4,233 from ¥4,220 the previous week — more than double the level seen a year earlier.
Former Bank of Japan Gov. Haruhiko Kuroda speaks during an interview in Tokyo on April 28.
BUSINESS / Economy
May 7, 2025
Ex-BOJ Gov. Kuroda urges calm response to Trump tariffs
"It's better not to be worked up by every little thing, but to sit down and respond," Kuroda said, referring to frequent changes in U.S. tariff policy.
Amid shortages, the price of a 5-kilogram bag of rice during the week of April 14 was ¥4,220.
JAPAN
May 4, 2025
Why are rice prices still high in Japan?
The average price of 5 kilograms of rice in mid-April was ¥4,220 — more than double what it cost around the same time last year.
A Shein pop-up store in New York. Many goods imported from China now face a 145% tariff.
BUSINESS
May 3, 2025
Young Americans sour on Trump’s China tariffs despite election-year bump
For Republicans, the trade war is poised to reverse gains with a demographic that could be key to maintaining control of Congress.

Longform

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