• About
  • Advertise
  • Privacy & Policy
  • Contact
HK Businesswire
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World
    Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

    Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

    OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

    OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

    Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

    Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

    ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

    ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

    ASUS Advances AI Factories with Integrated Infrastructure and Operational Governance

    ASUS Advances AI Factories with Integrated Infrastructure and Operational Governance

    VILLAGE GROCER EXPANDS SOUTHERN FOOTPRINT WITH NEW STORE OPENING AT HORIZON MALL, JOHOR

    VILLAGE GROCER EXPANDS SOUTHERN FOOTPRINT WITH NEW STORE OPENING AT HORIZON MALL, JOHOR

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Alipay Launches Domestic Full-Stack Intelligent Agent Platform in Hangzhou

    HKT Posts 4% Profit Rise Amid Steady Local Recovery and AI-Driven Demand

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    SpaceX Raises $75 Billion in Historic IPO Amid $350 Billion Investor Demand

    Chinese firms double down on tech: Xiaomi, Haier

    Xiaomi Launches MiMo Code AI Programming Assistant to Enter Coding Agent Market

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World
    Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

    Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

    OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

    OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

    Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

    Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

    ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

    ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

    ASUS Advances AI Factories with Integrated Infrastructure and Operational Governance

    ASUS Advances AI Factories with Integrated Infrastructure and Operational Governance

    VILLAGE GROCER EXPANDS SOUTHERN FOOTPRINT WITH NEW STORE OPENING AT HORIZON MALL, JOHOR

    VILLAGE GROCER EXPANDS SOUTHERN FOOTPRINT WITH NEW STORE OPENING AT HORIZON MALL, JOHOR

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Alipay Launches Domestic Full-Stack Intelligent Agent Platform in Hangzhou

    HKT Posts 4% Profit Rise Amid Steady Local Recovery and AI-Driven Demand

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    SpaceX Raises $75 Billion in Historic IPO Amid $350 Billion Investor Demand

    Chinese firms double down on tech: Xiaomi, Haier

    Xiaomi Launches MiMo Code AI Programming Assistant to Enter Coding Agent Market

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
HK Businesswire
No Result
View All Result
Home News

Rice prices skyrocket as Japan inflation pace picks up

Greta W. by Greta W.
23 May 2025
in News, World
0
Rice prices skyrocket as Japan inflation pace picks up
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter
Japan’s core inflation rate accelerated in April to 3.5 percent as rice prices almost doubled year on year, official data showed on Friday.

The consumer price reading excluding fresh food, up from 3.2 percent in March, was slightly above the market forecast and will likely cement expectations that the Bank of Japan will increase interest rates.

Excluding energy as well, prices rose 3 percent compared to 2.9 percent in March, according to the internal affairs ministry.

Overall unadjusted inflation was 3.6 percent, the same level as in March.

Underlying inflation has been above the BoJ’s target rate of 2 percent for around three years.

However, uncertainty stemming from US President Donald Trump’s trade policies could prompt the central bank to stick to its current stance for now.

The BoJ at its last meeting early this month kept its main interest rate steady.

But it warned that tariffs were fuelling global economic uncertainty and revised down its economic growth forecasts for Japan.

After several decades of stagnant or falling prices, inflation returned to Japan after war broke out in Ukraine in 2022.

This has become a political headache for the government, in particular when it comes to the cherished national staple of rice.

The official data released on Friday showed rice prices up a whopping 98.4 percent compared to a year ago following a 92.5-percent increase in March.

The price rise has prompted Tokyo to release some of its emergency stockpile into the market.

Factors behind the shortfall include poor harvests due to hot weather in 2023 and panic-buying prompted by a “megaquake” warning last year.

Record numbers of tourists have also been blamed for a rise in consumption while some traders are believed to be hoarding the grain.

This week Japan’s farm minister resigned after a gaffe about rice that drew public fury.

Taku Eto told a gathering over the weekend that he had “never bought rice myself because my supporters donate so much to me that I can practically sell it”.

After Eto’s resignation, Prime Minister Shigeru Ishiba said: “I apologise to Japanese people” as “it is my responsibility that I appointed him”.

“That rice prices are remaining high is not a one-time phenomenon but is a structural one, I think,” he said.

“We have to have thorough discussions on this and they [rice prices] have to fall, of course.”

Marcel Thieliant at Capital Economics said that “weekly rice prices are showing signs of stabilisation so rice inflation should start to soften again before long”.

He added that he expects the BoJ “to tighten policy further this year”. (AFP)

Tags: World
Greta W.

Greta W.

Read More

Merz vows to stay the course despite election setback

7 September 2026
Ordos Folk Arts Transcend Distance: “Warm City” Cultural and Creative Week Lauded by International Guests

Ordos Folk Arts Transcend Distance: “Warm City” Cultural and Creative Week Lauded by International Guests

7 September 2026
  • Trending
  • Comments
  • Latest

H World Group Reports Strong Second-Quarter 2026 Performance and Announces New Shareholder Return Plan

17 August 2026

China has potential to lead global humanoid robotics: Founder of EngineAI

2 August 2026

Fosun International: ClubMed Lifestyle Group Proposes Hong Kong Listing, Targeting 85 Resorts Globally by 2030

28 August 2026

Fosun International: ClubMed Lifestyle Group Submits Listing Application to the Hong Kong Stock Exchange

28 August 2026
Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

3 September 2026
OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

3 September 2026
Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

3 September 2026
ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

3 September 2026

Recent News

Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

Henan Cultural Tourism Promotion Conference and Heluo Culture Exhibition Held in Indonesia

3 September 2026
OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

OGA 2026 OPENS WITH STRONGER FOCUS ON MARKET ACCESS, REGIONAL PROJECTS AND ENERGY OPPORTUNITIES

3 September 2026
Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

Infinitus Launches Healthy Lifestyle Volunteer Month, Bringing Chinese-Style Weight Management Education to Communities

3 September 2026
ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

ASUS Expands AI Infrastructure Ecosystem from Cloud to Edge

3 September 2026
HK Businesswire

Stay ahead with the latest insights on Hong Kong’s economy, finance, and investments. From market trends to policy updates, we bring you in-depth analysis and expert opinions.

📩 Subscribe to our newsletter for exclusive updates.
📍 Follow us on social media for real-time news.
📧 Contact us: info@hongkong-invest.com

Follow Us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 by HKBusinesswire.com

No Result
View All Result

© 2025 by HKBusinesswire.com