
Japan rice prices double, raising pressure on PM
The Peninsula
Tokyo: Rice prices in Japan soared 99.2 percent in June year on year, official data showed Friday, piling further pressure on Prime Minister Shigeru I...
Tokyo: Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend.
Public support for Ishiba's administration has tumbled to its lowest level since he took office last year, partly because of frustration over the cost of living.
One of the main sources of anger has been inflation and in particular the surging cost of rice, as well as scandals within the ruling party.
The price of the grain already rocketed 101 percent year-on-year in May, having jumped 98.4 percent in April and more than 92.5 percent in March.
Overall, Japan's core inflation rate slowed to 3.3 percent last month from 3.7 percent in May, the data from the internal affairs ministry showed.













