Report
The Real Cost of Japan's Farm Protectionism - Part 3
posted by Richard Katz on September 22, 2014
Report Cover
Headline
If Abe cannot, or will not, act when he has all these advantages, one has to wonder when, and over which issues, Abe will ever act.
Abstract
This report continues to detail the costs to the Japanese economy of the continued protection of inefficient farm sectors, this time focusing on the Local Allocation Grants from the national budget that are given out to prefectural and local governments. These grants amount to upwards of 3.5% of GDP and quarter of the national budget.