Japanese rice market liberalization: A competitive equilibrium approach

This paper quantifies the effect of Japanese rice imports on the Japanese r ice market with special attention to the farmland market in the year 2000, based on information available in 1997. Tariff and quota policies do not af fect the equilibrium price of rice and rent significantly, given the curren t acreage controls. The removal of the acreage control programme would redu ce the autarky price of rice by 30%. With free importation of rice into Jap an, the price of rice would be halved, and the potential increase in the co nsumer surplus could be 0.3% of the 1995 Japanese GDP. JEL Classification N umbers: F14, Q17, Q18.