How a rice shortage became a national crisis in Japan

Market Dynamics - Rice prices in Japan have doubled due to a shortage that began in 2023 [1] - A five-kilogram bag of rice increased from approximately ¥2,000 (about $14) to over ¥4,000 in one year [2] - Supermarkets are limiting rice purchases due to sparsely stocked shelves [2] Government & Policy - The Japanese government has started releasing rice from its emergency supplies to manage the shortage [3] - Public skepticism remains regarding the effectiveness of the government's measures [3] - The upcoming election in July may be influenced by public opinion on Prime Minister Shigeru Ishiba's handling of the rice crisis [4] Consumer Impact - Convenience stores have increased prices of rice bowls and bento boxes to offset rising costs [3] - The rising cost of rice is exacerbating the country's cost of living problem and causing public resentment [2] - The rice shortage could significantly impact the current government's standing [4]