For a long time, food prices have held steady (or even fallen in certain cases) in Japan. The agriculture sector is also protected by high tariff barriers so prices are less volatile. But the food sector is now going to feel the pressure of rising prices via the large volume of food imports. Since incomes have also been static, this rise will definitely make an impact on the consumers’ budget. What will it do to the long-awaited recovery? Insights from the Washington Post.
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