Rice Policy in Japan's Economic Development

Yujiro Hayami

American Journal of Agricultural Economics, 1972, vol. 54, issue 1, 19-31

Abstract: Until only a decade ago, Japan's rice policy had been primarily designed to procure "cheap" rice for the industrial population from domestic and colonial producers. For the promotion of industrialization and economic growth the price of rice, the principal wage good, had been kept low to prevent the rise in the wage rate of urban industrial workers. The shift from the traditional cheap rice policy to a recent policy of high price supports is due to the decline in the role of rice as a wage good. The rapid rise in per capita income and the dramatic transformation of Japan's industrial structure contributed to the policy change.

Date: 1972
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