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The current import tariff on foreign rice is 778%. The third vulnerability is the decline in Japan's farming population. Agricultural production declined from 11.7 trillion yen in 1984 to 8.2 trillion in 2011, and the number of farming households plummeted from over 6 million representing 14.5 million people in 1960 to 2.5 million households in ...
Rice production is important to the food supply, with rice being a staple part of the Japanese diet. Japan is the ninth largest producer of rice in the world. [1] The rice seasons in Northern Japan last from May–June to September–October. In central Japan, it is from April–May to August–October.
Kokudaka (石高) refers to a system for determining land value for taxation purposes under the Tokugawa shogunate of Edo-period Japan, and expressing this value in terms of koku of rice. [ 1 ] One koku (roughly equivalent to five bushels ) was generally viewed as the equivalent of enough rice to feed one person for a year.
Rice futures were listed, on a trial basis, from August 2011 to August 2021. The rice futures market has not been able to take off in recent years. In recent years, the demand for rice has seen a steady decline in Japan as the Japanese diet has diversified, sometimes resulting in a supply/demand imbalance.
On 17 May 2019, the United States and Japan struck a trade deal to lift the beef import ban, clearing the way for U.S. products to enter the market regardless of age. U.S. agriculture secretary Sonny Perdue hailed the trade deal, stating "This is great news for American ranchers and exporters who now have full access to the Japanese market for their high-quality, safe, wholesome, and delicious ...
Japan, along with 10 other countries, negotiated the Trans-Pacific Partnership Agreement and member countries signed the agreement in 2016. The negotiation was aimed to eliminate tariffs on all products, without exceptions, within ten years from the conclusion.
Coin-operated automated rice polishing machines, called seimaijo (精米所), for polishing brown rice, are a common sight in rural Japan. The rice polishing machines typically polish a 10 kg (22 lb) amount for 100 yen. The by-product of the polishing process, rice bran (米ぬか, komenuka) is used commercially as the source of rice bran oil.
The surplus reached a record US$18.2 billion in 1978, promoting considerable tension between the United States and Japan. In 1979 petroleum prices jumped again, and Japan's trade balance again turned to deficit, reaching US$10.7 billion in 1980. Once again, rapid export growth and stagnant imports returned Japan quickly to surplus by 1981.