WHERE THE DISMAL SCIENCE TRIES TO MEET THE EDUCATOR! This is not an Economics Blog! It is a blog on "How I attempt to teach the Dismal Science and ..."
Friday, September 15, 2006
It is Tarriff Plus Subsidies in the Land of Rising Sun
In previous post I wondered how do the japanese subsidize their farmers?
According to the WTO:Read the Article
The average Japanese tariff rate on agricultural imports is 20.1%, and the effective tariff rate on rice imports is the equivalent of 406%
Japanese farmers' output equals 1.1% of the gross domestic product (GDP) of roughly 500 trillion yen a year but the amount of farm subsidies paid by the Japanese government is equivalent to an even larger 1.4% of GDP.
I have lived in the Japanese countryside and I understand the inefficiencies of this system. But I am forgiving of this inefficiency. Look at my August 21 posting!
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