Japan: Food Inflation Presents Challenges and Opportunities

  |   Attaché Report (GAIN)   |   JA2023-0131

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Japan: Food Inflation Presents Challenges and Opportunities
Following more than two decades of flat or declining prices, the Japanese economy has experienced sustained price rises over the past year and a half due to global geopolitical factors as well as a significant weakening of the Japanese yen against the U.S. dollar. Food prices have risen at rates of over 8 percent year-on-year since March 2023 with certain products rising at double-digit levels. This report provides an overview of the economic landscape in Japan with specific analysis on the top U.S. agricultural export items to Japan.
Exporting
East Asia and the Pacific, Japan

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