Japan auctions emergency rice reserves as prices soar


TOKYO (AFP): The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple.

Rice shortages driven by factors from poor harvests caused by hot weather to panic-buying over a "megaquake" warning last summer have caused prices to nearly double over a year.

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Japan , Rice Reserves , Austion , Supply , Low

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