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Commodities

Japan's appetite for rice takes biggest plunge in 7 years

Besides tax hike and economic downturn, Tokyo's farm policy also blamed for drop

Children scoop rice into their bowls during lunch time at a Japanese nursery school.   © Reuters

TOKYO -- Demand for Japan's signature crop, rice, has wilted under the triple whammy of the consumption tax hike, the pandemic-induced economic downturn, and high prices due to government policies that have restrained production.

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