Japan will release an additional 300,000 metric tons of rice from its emergency stockpile by July to address a nationwide shortage and curb surging prices. This move follows the release of 310,000 tons since March—the first time the government has tapped its reserves to stabilize rice prices.
Retail rice prices in Japan have nearly doubled year-over-year, driven by extreme weather damaging crops and increased demand from a tourism rebound. The steep rise has become a political issue for Prime Minister Shigeru Ishiba ahead of the July upper house elections.
To accelerate distribution, the government will now allow some of the released rice to bypass wholesalers and directly reach retailers. Additionally, the timeframe to replenish the released stock—originally within one year—has been extended to five years, easing pressure on future supply.
Despite these efforts, logistical delays persist. Of the 212,000 tons released through auctions in March, only about 2% had reached retailers and restaurants by mid-April. The government plans to conduct monthly bids for 100,000 tons from May through July.
In response to soaring costs, consumers and restaurants—traditionally particular about rice quality—are turning to imported alternatives. Even with import tariffs, foreign rice is now significantly cheaper. Supermarket giant Aeon announced it will begin selling 100% U.S.-grown Calrose rice in June, after offering a Calrose-Japanese blend in April.
The average price of domestic rice reached 4,214 yen ($28) per 5 kg in early May—twice last year’s price, though down slightly from the previous week, marking the first weekly decline in over four months.
This evolving rice crisis underscores Japan’s vulnerability to climate shifts and highlights changing consumer behavior in the face of economic pressures.


U.S. Treasury Yields Surge as 30-Year Hits 22-Year High
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens
China Tightens Fentanyl Rules Ahead of Trump-Xi Summit
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue
Canada Unveils Bill to Fast-Track Major Resource Projects
ICE Agent Arrested in Minneapolis Over Venezuelan Man Shooting
Trump Scales Back Endangered Species Act Protections
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge
Japanese Yen Rebounds as Trump Flags Currency Weakness
U.S. Imposes New Visa Restrictions Over South Africa Policies
Asian Currencies Mixed as Dollar Holds Near Two-Month High
Trump Administration Plans Faster FDA Reviews for Smoke-Free Nicotine Products
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes
Dollar Holds Near Two-Month High as Yen Approaches 160 



