Gulf Japan Food Fund invests in new bakery chain in Dubai to expand food and agricultural exports from Japan

TOKYO, Aug. 2 – On August 1, 2017, the Gulf Japan Food Fund (GJFF), a private equity fund established by the Central Cooperative Bank for Agriculture, Forestry and Fishery (the Norinchukin Bank), Mizuho Bank, and other investors, said that it invested in Yamanote Atelier Restaurant, a firm developing a new bakery business in Dubai, the U.A.E, in July this year. Yamanote Atelier Restaurant is a new bakery chain created around the concept of “Japanese bakery.” It emphasizes high quality and food safety and imports ingredients such as wheat and beverage from Japan. This was the first investment made through the fund. The investors including the Norinchukin Bank anticipate that the … Continue reading

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Japan’s food self-sufficiency rate drops after six years in 2016

TOKYO, Aug. 10 — Japan’s food self-sufficiency dropped for the first time in six years to the second lowest level, due to steadily declining consumption of rice, the country’s stable food, as well as poor harvest in northern Japan after heavy rains. The calorie-based rate of food self-sufficiency in 2016 fell to 37.58 percent, the agriculture ministry said Aug. 09. The country’s lowest figure was 37 percent in 1993, after the unusually cold and rainy summer had damaged the rice crop, and forced Tokyo to make a move often considered taboo – importing foreign rice – at that time. The food self-sufficiency rate shows how much a country can satisfy … Continue reading

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【Analysis】The truth about Japan’s falling food self-sufficiency (Aug. 10)

Japan’s food self-sufficiency in calorie terms dropped for the first time in six years due in part to agricultural output dipping significantly after unfavorable weather conditions. This is, however, not the whole story. The Japanese government has sought to open its agricultural market for growth, yet it has remained negligent when it comes to food security. The administration of Prime Minister Shinzo Abe has, since the beginning of 2013, sought trade liberalization via a series of free trade agreements: Japan-Australia economic partnership agreement (EPA); the Trans-Pacific Partnership (TPP); and most recently the Japan-EU EPA. Those agreements were reached on increased market access for foreign farm products in Japan, in exchange … Continue reading

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Japan PM Abe’s new cabinet seen advancing agriculture reform

TOKYO, Aug. 4 — Japan Prime Minister Shinzo Abe has appointed a new cabinet at a time when his public approval ratings were tumbling due to accusations of cronyism and missteps by previous cabinet members. Bringing some veteran lawmakers into the new cabinet, Abe dubbed it a “Result-oriented cabinet of professionals” at a press conference on Aug. 3. Abe stressed his top priority is reviving the economy, and said: “Structural reform is the ultimate weapon of Abenomics.” The Central Union of Agricultural Cooperatives, or JA-ZENCHU, has been a prime target of Abe’s structural changes. Chief Cabinet Secretary Yoshihide Suga, one of Abe’s most important allies, has been behind the entire … Continue reading

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Japan’s miso keeps blood pressure from climbing, study shows

TOKYO, Aug. 5 — Miso, a Japanese traditional paste, keeps blood pressure from climbing, which lowers the risk of developing health problems such as strokes, a new study has found. Hiroshima University’s Honorary Professor Hiromitsu Watanabe led the findings, published in an American medical journal specializing in high blood pressure on July 31. “You can benefit only by switching seasoning from salt to miso,” Professor Watanabe recommends. It is widely known that salt increases blood pressure. Studies previously showed miso prevents lung cancer as well as gastric cancer, a leading cause of cancer-related deaths worldwide. This time, the findings show that miso has an effect to improve blood pressure. Miso … Continue reading

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