What does Japan’s rice crisis say about its economy?

A domestic rice shortage in Japan has caused supermarket shelves to empty and prices to double. Rice is more than a staple food in Japan—it carries deep cultural, historical and even spiritual significance.

The rice crisis highlights broader weaknesses in Japan’s economy. Japan imports over half of its food and has experienced persistent inflation. The country’s economic resilience is being tested by supply chain pressures, demographic shifts, and increased trade tensions.

Efforts to address the shortage have focused on auctioning rice reserves, but underlying economic challenges persist.

Contributors: • Yi-Chun Ko, Professor, Asian Growth Research Institute, Fukuoka, Japan • Emiko Ohnuki-Tierney, William F. Vilas Research Professor, University of Wisconsin–Madison, US • Stefan Angrick, Senior Economist, Moody’s Analytics, Tokyo, Japan • Norihiro Yamaguchi, Lead Economist, Oxford Economics, Tokyo, Japan

Presenter: Charmaine Cozier Producer: Louise Clarke Researcher: Katie Morgan Editor: Tara McDermott Technical producer: Richard Hannaford Production Management Assistant: Liam Morrey