Eddy Duan

2 weeks ago | bloomberg.com | Sakura Murakami |Erica Yokoyama |Eddy Duan

A year ago, a 5kg bag of rice cost about ¥2,130. In May this year it had doubled to roughly ¥4,280. (Bloomberg) -- A shortage of rice in Japan —  a problem that has been in the making since 2023 — has caused the price of the household staple to surge, exacerbating the country’s cost of living challenges and fueling resentment among the population. As of June, a 5-kilogram bag of rice cost on average ¥4223 ($29.15) — almost double what it did a year ago.

1 month ago | bloomberg.com | Erica Yokoyama |Eddy Duan

Prime Minister Shigeru Ishiba(Bloomberg) -- During Japan’s Edo period, feudal lords were warned that peasant revolts start with rice. Prime Minister Shigeru Ishiba is finding political survival can still hinge on the price of the staple food. The cost of rice has more than doubled over the past year, straining household budgets and forcing people to find alternatives.

Feb 4, 2025 | japantimes.co.jp | Alastair Gale |Eddy Duan

While U.S.-led export controls on Russia have primarily targeted weapons components and high-end chips, a less threatening product shows just how hard it will be for Donald Trump to squeeze Vladimir Putin’s economy: Japanese grand pianos. Along with many other U.S. allies, Japan barred the export of luxury goods to Russia a few months after the full-scale invasion of Ukraine began in early 2022. Grand pianos valued at more than around $1,300 were included on Tokyo’s list of banned goods.

Feb 3, 2025 | bloomberg.com | Alastair Gale |Eddy Duan |Yihui Xie

While US-led export controls on Russia have primarily targeted weapons components and high-end chips, a less threatening product shows just how hard it will be for Donald Trump to squeeze Vladimir Putin’s economy: Japanese grand pianos. Along with many other US allies, Japan barred the export of luxury goods to Russia a few months after the full-scale invasion of Ukraine began in early 2022. Grand pianos valued at more than around $1,300 were included on Tokyo’s list of banned goods.

Feb 3, 2025 | yahoo.com | Alastair Gale |Eddy Duan |Yihui Xie

(Bloomberg) -- While US-led export controls on Russia have primarily targeted weapons components and high-end chips, a less threatening product shows just how hard it will be for Donald Trump to squeeze Vladimir Putin’s economy: Japanese grand pianos. Most Read from BloombergAlong with many other US allies, Japan barred the export of luxury goods to Russia a few months after the full-scale invasion of Ukraine began in early 2022.