TPP Or No TPP Japanese Agriculture Must Be Reformed |
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August 20, 2013 |
August 2013 Bond Updates
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In Japan the price of rice is supported by an 800% tariff, direct price supports and--most egregiously--the “genhan” system of mandated reduction in cultivated acreage. Government policy has focused on keeping prices high and keeping out imports--resulting in a great burden on consumers--rather than deregulating to lower costs that would also raise profits and strengthen competitiveness against imports while stimulating exports.
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View more at: http://www.forbes.com/sites/stephenharner/2013/08/19/tpp-or-no-tpp-japanese-agriculture-must-be-reformed/
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