Why rice-loving Japan is forced to import it from South Korea after 25 yrs

Quick Summary:

This arrangement permits a limited volume of rice to be imported at reduced tariffs, while slapping steep duties on anything above that limit.

Warnings of natural disasters, including typhoons and earthquakes, have led to panic buying, prompting some shops to limit rice sales.

Japan’s grain stocks have been strained by an uptick in rice consumption, driven in part by record tourist arrivals.

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Category: BusinessFinance

Markets: IndiaJapanSouth Korea

Topics: Japanese rice shortage Japan rice import South Korea Japan national rice reserve Japan rice price surge 2025 Japan rice import policy Panic buying Japan rice Gohan cultural meaning Japan Japanese rice tariffs Japan grain consumption tourism South Korean rice exports to Japan Japan food inflation rice NHK rice price report Rice distribution bottlenecks Japan Japan US rice trade talks Rice crisis Japan 2025

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 17:37:13 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 581 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28148049

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