Japan's newly appointed Agriculture Minister Koizumi Shinjiro is set to take decisive action to address the escalating prices of rice, a staple food for many in the country. In an effort to stabilize the market, Koizumi plans to sell reserve rice to retailers at lower prices. This strategic move aims to alleviate the burden on consumers affected by the high cost of rice, which has seen a significant uptick due to various economic factors.

The initiative comes at a time when Japanese households are feeling the pinch from rising food prices, making it essential for the government to intervene. By distributing reserve rice, the minister hopes to not only reduce retail prices but also ensure a consistent supply for consumers. The success of this approach could play a vital role in maintaining food security and safeguarding the purchasing power of the population amid broader inflationary pressures.