The government-stockpiled rice bags arrive at a rice mill in Saitama Prefecture, Japan, on March 18, 2025. Japan's government revised the operational guidelines for the stockpiled rice system at the end of January in response to rising rice prices, adding a case for facilitating a smooth distribution of rice. This is the first time the stockpiles have been released to promote its smooth distribution. ( The Yomiuri Shimbun via AP Images )
Japan’s rice prices surged by 98% year-on-year due to poor harvests in 2023, panic-buying, rising tourist demand, and aging farmers. Government policies aimed at reducing rice farming land also contributed. Despite auctioning reserves, prices remained high as the stock targeted less popular rice varieties.
Political fallout followed controversial comments from Farm Minister Taku Eto, who later resigned. Experts expect rice inflation to ease soon.
