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Price of rice in Japan falls below ¥4k per 5kg

Prime Minister Shigeru Ishiba had aimed to push down rice prices to the ¥3,000-¥4,000 range by as early as mid-June.

Prime Minister Shigeru Ishiba had aimed to push down rice prices to the ¥3,000-¥4,000 range by as early as mid-June. Agriculture minister Shinjiro Koizumi told reporters on Monday that the country has "taken a step forward on a new stage toward curbing abnormally high rice prices." At the end of last month, major retailers started selling stockpiled rice released under discretionary contracts with the government at around ¥2,000 per 5 kilograms.

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