Japan

Despite its high tariffs, restrictive quotas and complex regulations, Japan remains the United States’ fourth-largest agricultural export market. In fiscal year 2013, U.S. farm and food exports to Japan totaled $12.4 billion, accounting for more than a quarter of all Japanese agricultural imports. Major U.S. agricultural exports to Japan include wheat, corn, soybeans, red meats, feeds and fodder, and processed fruits and vegetables. Japan’s joining the Trans-Pacific Partnership could signal the government’s reconsideration of its current economic policy.

Data & Analysis

Japan’s Just Wild About Our Nuts; An Urban Company Helps Revitalize Japan’s Agriculture; Spiritual Heart of Japanese Furniture Making Relies on U.S. Hardwoods; Desperately Seeking GE in Hokkaido
Higher beef prices through 2015 could limit total Japanese beef consumption (imported and domestic) and rebalance meat consumption towards lower-priced beef cuts and more pork / poultry.