Japan's 1993 rice crisis

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• Princes of the Yen whole source · open book

  However, the government reduced stock piles further in 1992, to only 194,000 in 1993. This amounted to an abandoning of the counter-cyclical government stabilization scheme. The harvest was bad that year (entirely unexpected for the government’s crop experts?), and a major “rice crisis” was widely covered in the media.

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• Richard Werner author of the source

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• Princes of the Yen: Japan built, bubbled, and broken step 226

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