Japan faces a ‘rice crisis’ as price nearly doubles for food staple | Inflation News

The price of Japanese-grown rice is soaring due to high inflation, low farm yields and a growing tourism sector.

Japan is facing a “rice crisis” as the price of its favourite staple food has nearly doubled over the past year amid rising inflation and supply shortages.

Government data released on Friday shows the price of rice rose 98.4 percent year-on-year in April, following a rise of 92.5 percent year-on-year in March.

The surge is straining the wallets of Japanese consumers and further…