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Japan's rice prices nearly doubled, leading the government to auction emergency stockpiles to curb inflation.
Japan's rice prices nearly doubled year-over-year in March, driven by accelerated core inflation rising to 3.2%.
In response, the Japanese government began auctioning its emergency rice stockpile, first done since 1995, to stabilize prices.
Factors behind the price surge include poor harvests, panic-buying, and traders hoarding rice.
The Bank of Japan may consider raising interest rates due to inflation above its 2% target, though US trade policies could influence this decision.
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Los precios del arroz en Japón casi se duplicaron, llevando al gobierno a subastar las existencias de emergencia para frenar la inflación.