Japan's Koizumi Vows to Lower Rice Prices below 3,000 Yen

Tokyo, May 23 (Jiji Press)--New Japanese agriculture minister Shinjiro Koizumi on Friday pledged to lower retail rice prices to less than 3,000 yen per 5 kilograms through further releases of government-stockpiled rice. "We'll conclude contracts so that (stockpiled rice) will hit shelves at prices in the 2,000-yen range," Koizumi told a press conference after a cabinet meeting. To sell s...

Japan's Koizumi Vows to Lower Rice Prices below 3,000 Yen
Tokyo, May 23 (Jiji Press)--New Japanese agriculture minister Shinjiro Koizumi on Friday pledged to lower retail rice prices to less than 3,000 yen per 5 kilograms through further releases of government-stockpiled rice. "We'll conclude contracts so that (stockpiled rice) will hit shelves at prices in the 2,000-yen range," Koizumi told a press conference after a cabinet meeting. To sell s...