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Rice Prices in Japan Fall for the First Time in 3.5 Years and Push the Bank of Japan Towards More Stimuli
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I have spent the morning reviewing the data just published by the Japanese Ministry of the Interior. The 5.4% drop in the price of rice in May, the first in more than three years, is not just a break for households. It is a deflationary sign that the Bank of Japan (BoJ) will have to weigh before its next meeting. Rice gives a break after almost four years of escalation According to an official of the Ministry of the Interior and Communications, …
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