This October, shoppers in Japanese supermarkets are seeing the biggest price hikes in almost two generations.For the past year, Japan’s supermarket industry has shielded customers from a 48% rise in import prices — much of that driven by the high cost of energy and the sustained collapse of the yen to a 24-year low against the US dollar. But retailers are now passing on these price hikes to individuals. the Japanese government is worried - because the country has a huge reliance on international imports. Onl...
This October, shoppers in Japanese supermarkets are seeing the biggest price hikes in almost two generations.
For the past year, Japan’s supermarket industry has shielded customers from a 48% rise in import prices — much of that driven by the high cost of energy and the sustained collapse of the yen to a 24-year low against the US dollar. But retailers are now passing on these price hikes to individuals. the Japanese government is worried - because the country has a huge reliance on international imports. Only 38% of the food needed to feed the Japanese population is made on its shores.
Darcy and Sascha today ask the question - can Japan actually feed itself?
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