During the two decades 1960-1980 the Japanese government was
faced with a problem of declining domestic demand for rice and a
persistent over-production which created mounting surpluses stored
at public expense. In an attempt to remedy the situation the
Japanese government imposed production controls on rice and offered
incentives to...
Hypothesis tests are developed for the exertion of
market power by the Japanese government in the world and
domestic wheat markets. The results indicate that the
Japanese government is pursuing a more restrictive import
policy for wheat than would be indicated by an optimal
tariff strategy. Results also indicate that...