News On Japan

Japan Faces Three More Weeks of Rice Shortages

TOKYO, Aug 20 (News On Japan) - The ongoing scarcity of rice in supermarkets across Japan has left many wondering why shelves are bare despite government assurances that there is no overall supply crisis.

The current situation is the result of several overlapping factors: extreme heat, changes in distribution channels, and consumer behavior. While the official data shows a stable rice production index of 101, indicating normal production levels, the reality is that the high temperatures have led to a decline in quality, making much of the rice unsuitable for the usual consumer market.

Additionally, Japan’s rice distribution has changed significantly since the deregulation of the market. While large supermarkets used to rely on central wholesalers, many now purchase directly from farmers or through small distributors. This shift has made it difficult to secure large, consistent supplies, leading to the current scarcity.

Experts advise consumers not to panic. In about three weeks, new rice from major producing regions will start to hit the market, which should ease the current shortage. It’s important to remember that the current situation is temporary and that rice supplies are expected to return to normal levels soon.

In the meantime, consumers are encouraged to avoid stockpiling, which could worsen the situation. The government continues to monitor the situation closely and assures the public that there is no long-term threat to the rice supply.

Source: MBS

News On Japan
POPULAR NEWS

A permanent gate has been installed at the Yamanashi Prefecture entrance to the fifth station of Mt. Fuji, unveiled on June 13. Authorities hope the new measure will help address the ongoing problem of reckless climbing attempts.

A former resort area in the Otamoi district of Otaru City has hit a major roadblock in its redevelopment plans. "This is the Otamoi coastline," explained a Ryugu Cruise guide. "There used to be a building here called Ryugukaku, a high-end restaurant. It's hard to believe."

The Pension System Reform Law was passed and enacted at the Upper House plenary session on June 13th with majority support from the Liberal Democratic Party, Komeito, the Constitutional Democratic Party and others.

Riding a bicycle while holding an umbrella, a practice often seen during the rainy season in Japan, poses significant danger as it becomes more frequent with the arrival of June rains.

The Diet has passed legislation to establish the Science Council of Japan as an independent corporation, separating it from direct government control.

MEDIA CHANNELS
         

MORE Business NEWS

Nippon Steel has announced that former President Trump has approved its planned acquisition of US Steel. On June 13th, Nippon Steel stated that Trump had given his approval to the "partnership" with US Steel. According to Nippon Steel executives, this effectively means Trump has authorized the full acquisition, making US Steel a wholly owned subsidiary.

A special feature focuses on central banks, markets, and politics from the perspective of over 30 years of experience, with veteran economist Ueno Yasunari offering his insights.

Former President Trump stated on June 12th that the United States holds a "golden share" in US Steel, in connection with Nippon Steel's planned acquisition of the company.

Seven-Eleven has revived its popular 100 yen rice ball promotion starting today, marking the first time in five years it has launched such a campaign despite soaring rice prices.

Hino Motors and Mitsubishi Fuso Truck and Bus Corporation, two of Japan’s leading commercial vehicle manufacturers, have reached a long-delayed final agreement on their management integration.

As government rice stockpiles went on sale in Fukuoka, long lines formed outside stores even before opening hours. At the Mega Don Quijote in Nishi Ward, customers queued early on June 9th to purchase the reserve rice, with distribution beginning at 7 a.m.

Japan's gross domestic product (GDP) for the January to March quarter was slightly revised upward to an annualized contraction of 0.2%, the Cabinet Office announced on June 9th.

Japan’s current account posted a surplus of 2.258 trillion yen in April, according to data released by the Ministry of Finance. The current account, which reflects how much Japan earns from trade and investment with the rest of the world, remained in the black for the month.