I can go to any supermarket in my city and buy rice. I just have to be willing to pay four times what I’m used to for it. It is getting harder to find supermarkets still selling 10kg bags because those things are approaching ¥10,000.
Japan has had a more severe shortage of potato chips than this.
That is wild! In Denmark I buy rice for 15 kr (~2€) / kg. Granted, it’s probably nowhere near the quality of Japanese rice. But still, what a price difference.
But isn’t this just the definition of a shortage? The thing becomes scarce and so what IS available becomes incredibly expensive? I don’t see the differentiation you are trying to make. Wild price inflation happens when there is in fact not enough of the thing to go around.
That’s insane to think about. I usually buy a 20 lb bag of Thai Jasmine rice for a little over $20 her in the US. I think I would seriously break down and cry if I had to pay almost $70.
Clarification: They are queuing for cheap rice.
I can go to any supermarket in my city and buy rice. I just have to be willing to pay four times what I’m used to for it. It is getting harder to find supermarkets still selling 10kg bags because those things are approaching ¥10,000.
Japan has had a more severe shortage of potato chips than this.
That’s 22lbs for $69. Yikes
That is wild! In Denmark I buy rice for 15 kr (~2€) / kg. Granted, it’s probably nowhere near the quality of Japanese rice. But still, what a price difference.
But isn’t this just the definition of a shortage? The thing becomes scarce and so what IS available becomes incredibly expensive? I don’t see the differentiation you are trying to make. Wild price inflation happens when there is in fact not enough of the thing to go around.
10000 yen is 60 EUR.
Or 69 freedom buckaroos for 22 pounds of rice
That’s insane to think about. I usually buy a 20 lb bag of Thai Jasmine rice for a little over $20 her in the US. I think I would seriously break down and cry if I had to pay almost $70.