Asia

TOKYO: Rice prices in Japan soared 99.2 per cent in June year-on-year, official data showed Friday (Jul 18), piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend. The price of the grain already rocketed 101 per cent year-on-year in May, having jumped 98.4 per cent in April and more than 92.5 per cent in March. Overall, Japan’s core inflation rate slowed to 3.3 per cent in June from 3.7 per cent in May, the data from the internal affairs ministry showed. The reading, which excludes volatile fresh food prices, was slightly below market expectations of 3.4…

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