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Japanese Agriculture Minister Taki Eto has cast doubt on whether the United States, which has criticized Tokyo for allegedly imposing high tariffs on American rice, is "really serious about expanding exports" of the product, and whether increasing purchases of U.S. rice will actually lead to food security. "I have serious doubts about whether this (increasing

Japan is considering increasing its soybean and rice imports as a concession in trade negotiations with the U.S. over President Donald Trump’s sweeping tariffs, Japan’s Yomiuri daily reported. With Trump’s trade offensive roiling markets and stoking recession fears, Japan is seeking to walk back his “reciprocal” tariffs and other duties imposed on Japan, along with dozens of countries. In their first round of bilateral talks on Wednesday, U.S. negotiators brought up automobiles and rice as areas where they said Tokyo puts up market barriers, and they demanded that Japan import more meat, fish products and potatoes, the newspaper said, without citing the sources for its information. Japan’s Cabinet Office could not immediately be reached for comment. Those trade barriers are cited in an annual report by the Office of the U.S. Trade Representative. Japanese media highlighted a White House photo of the 400-page report on the table at the talks in Washington. Trump unexpectedly ...

According to official data released by the Japanese government on April 18, rice prices in the country have nearly doubled compared to the same period last year, amid accelerating core inflation. Meanwhile, grain prices have also skyrocketed in recent months, forcing the Japanese government to release part of its emergency reserves. The data showed that grain prices increased by 25.4%, while rice prices recorded a whopping 92.5% increase, due to a shortage in supply. The main reasons for the shortage were the hot weather in 2023 that caused crop failures and panic buying due to warnings of a "super earthquake" last year. In addition, a record number of tourists is also said to be the cause of increased consumption. Excluding fresh food, the consumer price index (CPI) rose 3.2% year-on-year in March, up from 3.0% in February. Excluding energy, core CPI rose 2.9% in March, up from 2.6% in the previous month. However, overall inflation eased slightly to 3.6%, down from ...