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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, the most protected crop, is subject to tariffs of 777.7%. [102] [106] Although Japan is usually self-sufficient in rice (except for its use in making rice crackers and processed foods) and wheat, the country must import about 50% of its requirements of other grain and fodder crops and relies on imports for half of its supply of meat.
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.
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.
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.
Taxation in Japan is based primarily upon a national income tax (所得税 （ しょとくぜい ）) and a (住民税 （ じゅうみんぜい ）) based upon one's area of residence. [1] There are consumption taxes and excise taxes at the national level, an enterprise tax and a vehicle tax at the prefectural level and a property tax at the ...
Dōjima Rice Exchange ukiyo-e by Yoshimitsu Sasaki The Dōjima Rice Exchange Monument. The Dōjima Rice Exchange (堂島米市場, Dōjima kome ichiba, 堂島米会所, Dōjima kome kaisho), located in Osaka, was the center of Japan's system of rice brokers, which developed independently and privately in the Edo period and would be seen as the forerunners to a modern banking system.
Between 1960 and 1964, Japan incurred annual trade deficits (based on a customs clearance for imports) ranging from US$400 million to US$1.6 billion. The era of chronic trade deficit ended in 1965, and by 1969, with a positive balance of almost US$1 billion, Japan was widely regarded as a surplus trading nation.