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YouTube MusicThis October, shoppers in Japanese supermarkets are seeing the biggest price hikes in almost two generations.
For the past year, Japan’s supermarket industry has shielded customers from a 48% rise in import prices — much of that driven by the high cost of energy and the sustained collapse of the yen to a 24-year low against the US dollar. But retailers are now passing on these price hikes to individuals. the Japanese government is worried – because the country has a huge reliance on international imports. Only 38% of the food needed to feed the Japanese population is made on its shores.
Darcy and Sascha today ask the question – can Japan actually feed itself?
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