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Japanese wheat prices to rise for third time in a year
date:Aug 06, 2013
inflation target to 2 percent to jolt the economy onto a growth path. In Japan, the weaker yen spurred a 39 percent advance in Japanese stocks this year and boosted earnings for exporters such as Toyota Motor Corp. and Sony Corp.

Masaaki Kadota, executive director of the Flour Millers Association, expects a 5 percent increase in wheat prices to add about 14 billion a year in industry costs.

Japan, Asias second-largest wheat buyer after Indonesia last year, depends on imports for almost 90 perc

07/06 02:32