News On Japan

Rice Shop Forced to Close as Price Surge Persists

FUKUOKA, Jun 10 (News On Japan) - 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.

Despite the early hour, the line extended well beyond the storefront. One customer said they had arrived around 5:15 a.m. The rice was sold through a lottery system, with 2,000 five-kilogram bags priced at 2,139 yen each including tax. A mother in line expressed relief, saying, "I'm so glad I finally got some. I've been searching everywhere. With prices rising, I thought we’d have to cut back, but this was affordable enough for us to eat well."

All 2,000 bags sold out by late morning. While additional shipments are planned, no date has been set for the next sale. Similar sales are starting at other stores in Fukuoka, such as the MrMax Hashimoto and Haru locations, signaling a gradual rollout of in-person sales of government reserves.

However, even as such measures aim to stabilize prices, some rice sellers are reaching their breaking point. One such store in Fukuoka's Jonan Ward—Kanayama Beikoku, an 85-year-old family-run shop—closed its doors at the end of May. It had served both individual customers and restaurants across three generations.

"We realized we couldn't continue if prices kept rising. We decided to prioritize protecting our customers and employees," said the owner.

While trying to shield customers from sharp price hikes, the store faced mounting procurement costs that became unsustainable. Ultimately, the retail operation was shut down, and its business was transferred to a wholesale distributor.

According to Teikoku Databank, 88 rice retailers suspended or shut down operations in the last fiscal year, marking a second consecutive annual increase and the highest figure in the past five years.

The store’s owner voiced frustration that the government had not acted sooner. "If they had released reserve rice last autumn, we wouldn’t be in this situation. The price spike could’ve been avoided. Everything was too slow. It’s frustrating and disappointing—there’s nothing more to say."

As reserve stock releases continue, attention is now turning to whether they can actually curb rising rice prices. If high prices persist, more small-scale rice retailers may be forced to close.

Source: FBS

News On Japan
POPULAR NEWS

Typhoon No. 5 made landfall near Cape Erimo in Hokkaido in the early hours of July 15th, marking the first time in nine years that a typhoon has struck the northernmost of Japan’s main islands.

The ruling coalition is facing an increasingly difficult battle to retain its majority in Japan’s House of Councillors, according to a mid-campaign opinion poll by FNN ahead of the July 20th election. Meanwhile, the minor party Sanseitō is showing strong momentum and could see a significant boost in its number of seats.

A 52-year-old newspaper deliveryman was killed in the early hours of July 12th after being attacked by a bear in a residential area of Fukushima Town, Hokkaido.

A hot spring inn in the popular resort area of Niseko, Hokkaido, has been forced to suspend operations at one of its baths after an unauthorized open-air bath was found to have been built near its hot spring source.

A first-generation Hermes Birkin bag has been sold at a Paris auction for approximately 1.47 billion yen, marking the highest price ever paid for a handbag. The winning bidder was a Japanese collector, and the sale was held by Sotheby’s.

MEDIA CHANNELS
         

MORE Business NEWS

A key gauge of long-term interest rates temporarily rose to 1.595 percent, marking the highest level in nearly 17 years since the aftermath of the Lehman Brothers collapse.

A major farming corporation based in eastern Japan, Butai Farm, known for using robotics to grow lettuce and supplying pre-cut vegetables to 7-Eleven stores, has announced a new strategy to promote agriculture that can compete in Asian markets.

A recent survey by the Japan Association of Corporate Executives (Keizai Doyukai) has revealed that business leaders view wage hikes as the most effective policy response to rising prices, ahead of the July House of Councillors election. The findings reflect growing concern among corporate executives about the impact of inflation outpacing wage growth, and highlight a preference for structural solutions over short-term subsidies.

We are already halfway through 2025. Are you still figuring out how to invest smartly and balance the risk-reward equation in your portfolio?

Suzuki has announced plans to release its first-ever electric vehicle, the e-Vitara, in Japan within the current fiscal year. The model will also be introduced in Europe and India.

A first-generation Hermes Birkin bag has been sold at a Paris auction for approximately 1.47 billion yen, marking the highest price ever paid for a handbag. The winning bidder was a Japanese collector, and the sale was held by Sotheby’s.

Rakuten Group has filed a lawsuit against the Japanese government, claiming that the Ministry of Internal Affairs and Communications' decision to effectively ban reward points from the furusato nozei (hometown tax donation program) starting in October is unlawful.

Nissan Motor, which has been grappling with sluggish business performance, is set to delay the production of two electric vehicle models it had planned to launch in the United States. The affected models are sport utility vehicles originally scheduled to be produced at the company’s Mississippi plant starting in 2028. The company did not disclose a new timeline for the start of production.