Japan plans to sell rice from emergency stockpiles to cut prices
japantimes.co.jp
japantimes.co.jp
What happens is for weather or bugs or disease or other reasons the crop yield for a year goes down, prices go up, gov tries various ways to bring prices artificially down, farmers cannot recoup their initial investment, some farmers kill themselves (happens a lot in agrarian countries like India, South East Asia, Africa, etc) , rest abandon farming altogether, others go into permanent family debt to last another year from loan sharks who do not care about laws.
This creates a Boom and Bust cycle of prices, and prevent any sort of long term price stabilization or ability for a country to progressively boost production of grains, milk, etc.
This is a political crisis that is often seen in many countries, and doing the right thing long-term is very hard for impulsive political climate, and the more you take the wrong steps the worse it becomes over the years.
Is this not in rounding error territory for most household?
Maybe read the article a bit before jumping into the discussion.
I think it is clear that this is a political 'problem' that they're trying to solve, rather than an economic problem.
Japanese ppl eat 50kg of rice per capita per year?*
price of 1kg of rice in tokyo $4.33**
so rice expenditure was $216.50/year? now up 60% to $346.40? a $130 increase?
the poorest 7% of households made under 1m yen?***
so thats about $6500? so a 2% or less hit to all but the poorest 7% of Japanese households. median is 4-5m yen..lets pick 4.5m for convenience..so around $30k..n $130 is less than half a percent of household income.
i don't know where's the threshold for rounding ¯\_(ツ)_/¯
* https://www.statista.com/statistics/1228187/japan-per-capita...
**https://www.numbeo.com/cost-of-living/prices_by_city.jsp?ite...
***https://www.statista.com/statistics/614245/distribution-of-a...