Rice Prices
The Japanese cabinet approved on Friday a shift to a demand-aligned rice production policy and new measures to prevent shortages. The changes aim to stabilize prices amid recent spikes in the staple food's cost. Prime Minister Sanae Takaichi's government plans to submit a bill to the Diet.
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Amid resurging rice prices in Japan, officials in the newly elected government are considering distributing 'rice tickets' to make the staple grain more affordable for certain households. Farm Minister Norikazu Suzuki said they are already responding with priority support grants for local governments and will consider further assistance.