Automotive, Consumer Staples Jun 24, 2022 07:39 AM (GMT+8) · EqualOcean
The Japanese Economic News reported that the continuous depreciation of the yen has made Japanese retailers, catering enterprises and food producers more and more "unable to afford" imported raw materials, and Japanese domestic food materials, which are famous for their high cost, have a rare price advantage. However, at present, Japan's food self-sufficiency rate is less than 40%, and the cost crisis cannot be fundamentally solved by replacing imported food materials with domestic food materials. The aging of Japan's agricultural population has shrunk by 20% in the past five years. I am afraid it will be difficult to support domestic agricultural production.