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Japan farm minister vows to halve prices as rice crisis drags on

26 May 2025

Government eyes no-bid contracts with major retailers and e-commerce platforms

TOKYO --Japan's newly appointed agriculture minister on Friday pledged to quickly bring down rice prices to 2,000 yen ($14) per 5 kilograms, promising relief to inflation-hit consumers.

The government will release government-stockpiled rice through no-bid contracts with major retailers, Shinjiro Koizumi said on public broadcaster NHK.

Source : nikkei

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