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Gasoline prices surging in Japan

A price board at a gas station in Moriguchi in Osaka Prefecture, western Japan, shows regular gasoline at 182 yen ($1.15) per liter on March 18, 2026, amid the continued Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Moriguchi in Osaka Prefecture, western Japan, shows regular gasoline at 182 yen ($1.15) per liter on March 18, 2026, amid the continued Middle East crisis.

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Gasoline prices surging in Japan

A motorist fills gasoline at a gas station in Tokyo's Setagaya Ward on March 12, 2026, as retail gasoline prices are surging amid the Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Nagasaki, southwestern Japan, shows regular gasoline prices at 199 yen ($1.26) per liter on March 12, 2026, up sharply amid the Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Nagano, central Japan, shows regular gasoline prices at 194 yen ($1.23) per liter on March 12, 2026, up sharply amid the Middle East crisis.

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Gasoline prices surging in Japan

A motorist fills gasoline at a gas station in Tokyo's Setagaya Ward on March 12, 2026, as retail gasoline prices are surging amid the Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Sapporo, northern Japan, shows regular gasoline prices at 189 yen ($1.19) per liter on March 12, 2026, up sharply amid the Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Tokyo's Setagaya Ward shows regular gasoline prices at 185 yen ($1.17) per liter on March 12, 2026, up sharply amid the Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Tokyo's Setagaya Ward shows regular gasoline prices at 185 yen ($1.17) per liter on March 12, 2026, up sharply amid the Middle East crisis.

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Gasoline prices surging in Japan

A price board at a gas station in Tokyo's Setagaya Ward shows regular gasoline prices at 185 yen ($1.17) per liter on March 12, 2026, up sharply amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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New farm minister Koizumi

TOKYO, Japan, May 23 Kyodo - Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi meets the press during a visit to a rice retail shop in Tokyo on May 23, 2025, amid rice shortages and surging prices. (Kyodo)

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Farm minister Koizumi

Japanese Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi speaks about the country's rice shortages and surging prices during a House of Councillors committee session in Tokyo on May 27, 2025.

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Farm minister Koizumi

Japanese Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi speaks about the country's rice shortages and surging prices during a House of Councillors committee session in Tokyo on May 27, 2025.

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New farm minister Koizumi

Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi (L) visits a rice retail shop in Tokyo on May 23, 2025, amid rice shortages and surging prices.

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New farm minister Koizumi

Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi (L) visits a rice retail shop in Tokyo on May 23, 2025, amid rice shortages and surging prices.

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New farm minister Koizumi

Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi (2nd from R) visits a rice retail shop in Tokyo on May 23, 2025, amid rice shortages and surging prices.

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New farm minister Koizumi

Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi meets the press during a visit to a rice retail shop in Tokyo on May 23, 2025, amid rice shortages and surging prices.

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New farm minister Koizumi

Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi visits the rice section at a supermarket in Tokyo on May 23, 2025, amid rice shortages and surging prices. (Pool photo)

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New farm minister Koizumi

Japan's new Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi (2nd from R) visits the rice section at a supermarket in Tokyo on May 23, 2025, amid rice shortages and surging prices. (Pool photo)

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Farm minister Eto resigns over rice comments

Japanese farm minister Taku Eto meets the press at the prime minister's office in Tokyo on May 21, 2025, after offering his resignation to Prime Minister Shigeru Ishiba over his comments on rice gifts. Eto said during a fundraising party earlier that he does not need to buy rice as his supporters give him plenty, angering consumers amid a rice shortage and surging prices.

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Farm minister Eto resigns over rice comments

Japanese farm minister Taku Eto meets the press at the prime minister's office in Tokyo on May 21, 2025, after offering his resignation to Prime Minister Shigeru Ishiba over his comments on rice gifts. Eto said during a fundraising party earlier that he does not need to buy rice as his supporters give him plenty, angering consumers amid a rice shortage and surging prices.

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Farm minister hold press confab on rice comments

Agriculture minister Taku Eto holds a press conference at his ministry on May 20, 2025, to apologize for his controversial comments about receiving rice from supporters. Eto said in a speech two days earlier that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Farm minister hold press confab on rice comments

Agriculture minister Taku Eto holds a press conference at his ministry on May 20, 2025, to apologize for his controversial comments about receiving rice from supporters. Eto said in a speech two days earlier that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Prime Minister Ishiba meets media

Japanese Prime Minister Shigeru Ishiba tells the press at the premier's office in Tokyo on May 20, 2025, that he will retain agriculture minister Taku Eto despite his controversial comments about receiving rice from supporters. Eto said in a speech two days earlier that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Prime Minister Ishiba meets media

Japanese Prime Minister Shigeru Ishiba tells the press at the premier's office in Tokyo on May 20, 2025, that he will retain agriculture minister Taku Eto despite his controversial comments about receiving rice from supporters. Eto said in a speech two days earlier that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Japan farm minister's controversial comments on rice

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on May 19, 2025, following a meeting with agriculture minister Taku Eto over controversial comments about receiving rice from supporters. Eto said in a speech the previous day that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Japan farm minister's controversial comments on rice

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on May 19, 2025, following a meeting with agriculture minister Taku Eto over controversial comments about receiving rice from supporters. Eto said in a speech the previous day that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Japan farm minister meets media after rice comments

Japanese agriculture minister Taku Eto meets the press in Tokyo on May 19, 2025, following a meeting with Prime Minister Shigeru Ishiba over his controversial comments about receiving rice from supporters. Eto said in a speech the previous day that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Japan farm minister meets media after rice comments

Japanese agriculture minister Taku Eto meets the press in Tokyo on May 19, 2025, following a meeting with Prime Minister Shigeru Ishiba over his controversial comments about receiving rice from supporters. Eto said in a speech the previous day that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Japan farm minister meets media after rice comments

Japanese agriculture minister Taku Eto meets the press in Tokyo on May 19, 2025, following a meeting with Prime Minister Shigeru Ishiba over his controversial comments about receiving rice from supporters. Eto said in a speech the previous day that he does not need to buy rice because his supporters provide him with plenty, amid a rice shortage and surging prices in the country.

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Japan farm minister meets media on rice comment

Japanese agriculture minister Taku Eto meets the press in Tokyo on May 19, 2025, following his controversial comments about receiving rice from supporters. During a speech the previous day, Eto said he has not needed to buy rice because supporters give it to him, a remark expected to draw criticism from households hit by rice shortages and surging prices.

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Japan farm minister meets media on rice comment

Japanese agriculture minister Taku Eto meets the press in Tokyo on May 19, 2025, following his controversial comments about receiving rice from supporters. During a speech the previous day, Eto said he has not needed to buy rice because supporters give it to him, a remark expected to draw criticism from households hit by rice shortages and surging prices.

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Gold prices surging in Japan

A board at the flagship store of Tanaka Precious Metal Technologies Co. in Tokyo's Ginza area shows retail prices of gold (upper L) topping 17,000 yen (about $120) per gram for the first time on April 22, 2025.

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Gold prices surging in Japan

A board at the flagship store of Tanaka Precious Metal Technologies Co. in Tokyo's Ginza area shows retail prices of gold topping 17,000 yen (about $120) per gram for the first time on April 22, 2025.

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Cabbage prices surging in Japan

Photo taken on Feb. 21, 2025, shows cabbage on sale at a vegetable store in Tokyo. Consumer price data the government released the same day showed cabbage prices jumped threefold in January from a year earlier.

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Rice prices surging in Japan

Photo taken on Feb. 21, 2025, shows bags of rice on sale at a vegetable store in Tokyo. Consumer price data the government released the same day showed rice prices surged over 70 percent in January from a year earlier.

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Mandarin prices surging in Japan

Photo taken on Feb. 21, 2025, shows mandarins on sale at a vegetable store in Tokyo. Consumer price data the government released the same day showed the price of mandarins soared 37 percent in January from a year earlier.

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Surging restaurant prices in Türkiye make eating out a luxury

STORY: Surging restaurant prices in Türkiye make eating out a luxury SHOOTING TIME: April 29, 2024 DATELINE: April 30, 2024 LENGTH: 00:04:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets, at cafe and restaurants in Türkiye 2. SOUNDBITE 1 (Turkish): YUNUS ATAMAN, Private company worker 3. SOUNDBITE 2 (Turkish): YAZGI SECKIN, Student 4. SOUNDBITE 3 (Turkish): DINCER KARADOGU, Cafe owner in Ankara STORYLINE: For Turks hit hard by runaway inflation in recent years, going to a cafe or a restaurant has become a luxury. With nearly 70 percent annual inflation, prices of all consumer goods in the country are regularly increasing at a pace that has rarely been seen before. Restaurants and eateries in general are no exception to the price hikes. SOUNDBITE 1 (Turkish): YUNUS ATAMAN, Private company worker "I can't even imagine dining out anymore. Back in the day, my family and I would hit up a restaurant for a meal. Today, the same meal would cost me at least 2,500 liras (about 80

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Turks' "dessert after Iftar" tradition prevails despite rising prices

STORY: Turks' "dessert after Iftar" tradition prevails despite rising prices SHOOTING TIME: March 8, 2024 DATELINE: March 19, 2024 LENGTH: 00:02:51 LOCATION: ISTANBUL, Türkiye CATEGORY: SOCIETY SHOTLIST: 1. various of Istanbul 2. SOUNDBITE 1 (Turkish): NADIR GULLU, Owner of Karakoy Gulluoglu 3. SOUNDBITE 2 (Turkish): NADIR GULLU, Owner of Karakoy Gulluoglu 4. SOUNDBITE 3 (Turkish): NADIR GULLU, Owner of Karakoy Gulluoglu 5. SOUNDBITE 4 (Turkish): GOKHAN GUNDOGDU, Store manager 6. SOUNDBITE 5 (Turkish): ZAFER YILMAZ, Local resident STORYLINE: In the production center of a dessert maker in Istanbul's Karakoy neighborhood, there was an extraordinary flurry of activity. Baklava trays were being loaded into the ovens one after the other while apprentices diligently poured syrup over the freshly baked delicacies. The impetus behind this sweet rush was to meet the surging demand from Turks, known for their sweet tooth since Ottoman times, during the Muslim holy month of Ramadan. Established in 1843, Karakoy Gu

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Türkiye raises gasoline, diesel prices

STORY: Türkiye raises gasoline, diesel prices SHOOTING TIME: Recent footage DATELINE: March 15, 2024 LENGTH: 00:01:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of transportation in Istanbul, Türkiye 2. various of gas station in Istanbul 3. various of local residents in Istanbul STORYLINE: Petrol and diesel prices in Türkiye increased by 3.76 and 2.69 percent, respectively, on Thursday. The prices of gasoline and diesel per liter were capped at 42.06 Turkish liras (1.31 U.S. dollars) and 41.86 liras, respectively, Turkish up-market newspaper Cumhuriyet Daily reported. According to the report, behind the new hike lies the surging price of Brent crude, which hit a four-month high above 85 dollars per barrel on Thursday. Oguz Demir, an economist and former academic at the Istanbul Commerce University, said on his social media account that "only in the first two and a half months of this year, the increase in gasoline prices (in Türkiye) has approached 22 percent." "At t

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U.S. California's surging gas prices spark call to suspend tax

STORY: U.S. California's surging gas prices spark call to suspend tax DATELINE: Oct. 2, 2023 LENGTH: 00:01:10 LOCATION: SACRAMENTO, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations STORYLINE: The U.S. state of California is again witnessing gasoline prices soar to near record highs, sparking a call from the state's Republican lawmakers to suspend gas tax. The average price of gas in California hit over 6.00 U.S. dollars per gallon on Thursday, compared to 3.84 dollars for the nation, which jumped more than 8 percent over last month. California's average gasoline price on Thursday, 6.032 U.S. dollars per gallon, is up 75 cents from a month ago, according to data from the American Automobile Association. Xinhua found this week the price for a regular gallon at a gas station in Los Angeles County was 6.89 U.S. dollars, while supreme and diesel cost 7.19 U.S. dollars and 7.29 U.S. dollars, respectively. In a letter sent to California Governor Gavin Newsom on Thursday, a group of Repu