TOKYO -- Japan is spending more on food imports as costs rise from poor harvests, a weaker yen and competition with other countries, with total imports exceeding 10 trillion yen ($67 billion) for three consecutive years.
Value of purchases nearly doubles from 2010, pushed up by weak yen
A drought caused a significant drop in banana production in the Philippines. (Photo obtained by Nikkei)
TOKYO -- Japan is spending more on food imports as costs rise from poor harvests, a weaker yen and competition with other countries, with total imports exceeding 10 trillion yen ($67 billion) for three consecutive years.