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If rice farmers in Japan feel threatened by the low prices of imported American rice, which of the following should the Japanese government do first?

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Final answer:

The Japanese government can consider implementing trade policies that protect local farmers, such as subsidies or import quotas, while preserving the cultural significance of Japanese rice. Promotion of local rice's traditional value and quality can help maintain its market position. However, protectionism can affect international relations and foreign producers.

Step-by-step explanation:

If rice farmers in Japan feel threatened by the low prices of imported American rice, the Japanese government has several options to consider. Firstly, they could look into implementing trade policies that provide a balance between protecting domestic rice farmers and adhering to international trade agreements. Measures might include subsidies for local rice farmers to assist them in competing with the imports or import quotas to limit the volume of foreign rice entering the market. Additionally, ensuring that domestic rice is favored in cultural and symbolic ways could help maintain its status.

Another approach could be to improve the quality or marketing of Japanese rice, capitalizing on the strong cultural connection with domestic rice, and the preference for Japanese short-grain rice, known as shushoku. The government may also engage in promotional campaigns to encourage consumers to buy local rice due to its traditional value and superior taste, as perceived by some consumers.

It should also be considered that protectionist measures can have broader implications, such as impacting international relations and potentially harming producers in exporting countries. The Japanese government's strategy will need to balance the interests of local farmers, the welfare of consumers, and Japan’s international trade commitments.

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