c/world · u/schizoidman@lemmy.zip · 148 points
cross-posted from: https://lemmy.zip/post/41844109
> In May, Japan's core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent -- its highest level since January 2023 -- interior ministry data showed.
u/mic_check_one_two@lemmy.dbzer0.com · 4 points
FWIW, USD wages have *also* stagnated for decades.
u/k0e3@lemmy.ca · 3 points
It's only been cheap for foreigners because our wages have stagnated for decades. If I didn't get paid in USD, I probably would have starved to death years ago.
u/MelonYellow@lemmy.ca · 16 points
Japan ain’t gonna be cheap no more!
u/Kyrgizion@lemmy.world · 33 points
When the simplest staple foods double in price, you know shit's gonna get fucked.
u/Imacat@lemmy.dbzer0.com · 29 points
Japanese rice prices are a weird combination of inflation, panic buying, inefficient farming, and a bureaucracy managing it all that actively wants rice to be more expensive. This video has a really good explanation of it.
https://youtu.be/l4vTQV3HjKU
u/WizardofFrobozz@lemmy.ca · -1 points
This is an entirely self-inflicted and avoidable crisis