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Business trends

Wagyu prices fall as Japan turns to crossbred beef after tax hike

Average wholesale price down 10% in December, bucking long-term trend

Price-conscious consumers in Japan have been moving toward crossbred beef from wagyu recently, but exports remain buoyant.

TOKYO -- Prices of Japan's prime quality wagyu beef are on a downward trend as consumers tighten their purse strings following the country's consumption tax rate hike in October.

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